Settlement Agreements

The use of settlement agreements by employers during dismissal and redundancy procedures is steadily increasing.

The team at Knowles Benning Solicitors are able to assist you with drafting up new contracts and reviewing existing deeds so that they fully protect your business.

A settlement agreement allows both the employer and employee to make a clean break, where the process involves:

  • Terminating the employment relationship, where the employee is unable to make a claim to an Employment Tribunal.
  • Providing the employee with a severance payment, while providing them with ‘payment in lieu of notice’

An employee needs to seek legal support from independent employment settlement agreement solicitors before they sign the contract otherwise it is not legally binding. If their legal team believe that the terms and conditions aren’t suitable for the individual, this can lead to a negotiation period.