Solve can advise and practically support business owners on all aspects of settlement agreements
Settlement agreements were introduced as part of new legislation in 2012. The purpose is to support the mutual termination of a contract of employment where there is a potential dispute.
Unlike compromise agreements, which were not previously widely acknowledged or used, there is certain procedural requirements a business must first satisfy before ending an employment relationship with a settlement agreement.
These procedures are in place to ensure the settlement greement is valid, as the employee is fundamentally signing away rights to raise a later employment tribunal claim.
If you would like to consider the merits of a settlement agreement contact Solve now.
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