Settlement Agreements
Your working relationship, just like any other type of relationship, can breakdown irretrievably for any number of reasons.
In such circumstances a settlement agreement can be a good way to resolve any potential employment tribunal claim and avoid court proceedings.
The agreement is a legally binding document, which can be used to end a dispute between you and your employer.
Settlement agreements are generally used to resolve grievance and disciplinary cases, or if your employer wants to dismiss you in some other way.
Typically, it will involve your employer paying you a sum of money. In return you will agree not to pursue or proceed with any matters arising from your employment.
Settlement agreements are often the best and most cost-effective way to bring a dispute with your employer to an end.
In summary, a settlement agreement can provide a quick and agreeable conclusion to an employment relationship that has broken down; avoid the time, cost and stress involved in employment tribunal proceedings; and provide compensation and a guaranteed reference for you.
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