Settlement Agreements Solicitors York, Wetherby & Malton
A settlement agreement (formerly known as a compromise agreement) is a legally binding contract that can be a useful means of bringing an employment dispute to an end. Whether you are an employer or employee, there are advantages to entering into a settlement agreement. We can help.
Our experienced lawyers can help you draft and negotiate the terms of a settlement agreement and advise on the terms that may be suitable for your circumstances. If you are an employee, it is a legal requirement that you obtain independent advice on the terms of any settlement agreement offered to you by an employer. To arrange an appointment with one of our employment solicitors, call us today on 01904 716000 (York), 01937 583210 (Wetherby), 01653 692247 (Malton), or complete our online enquiry form and we will get back to you right away.
Settlement Agreement Solicitors, Yorkshire
Ware & Kay’s employment lawyers provide advice and assistance with settlement agreements to both employers and employees. As a result, we have an in-depth understanding of settlement agreement terms and can help get the best outcome for you.
We can advise you on what might be an appropriate financial settlement amount and on the other terms of the agreement. You may wish to include terms which prevent the employee from discussing the settlement agreement or stipulating that the employee work the rest of their time at your place of work on garden leave. You may also include terms preventing the employee from making derogatory comments about your or your organisation, and reinforce any restrictive covenant contained in their employment contract. We will carefully draft the agreement to ensure that your position is protected.
If you are an employer facing a potential dispute with an employee, a settlement agreement can offer several advantages.
Resolve disputes: A settlement agreement provides a means to bring a dispute to an end quickly and efficiently, avoiding prolonged legal proceedings.
Cost savings: Litigation can be expensive, with legal fees and court/legal costs quickly adding up. By reaching a settlement agreement, you can avoid these costs and allocate your resources elsewhere.
Confidentiality: Settlement agreements often include confidentiality clauses, ensuring that the details of the agreement and the underlying dispute remain private.
Control over the outcome: By negotiating the terms of the settlement agreement, you have more control over the outcome than you would in court, where the decision is in the hands of a judge or jury.
When considering a settlement agreement, it is crucial to consult with experienced settlement agreement solicitors who can help you navigate the negotiation process and ensure that the agreement protects your interests.
If you are an employee and have been offered a settlement agreement by your employer, seeking expert legal advice is essential. An experienced settlement agreement solicitor can help you understand your rights and negotiate the terms of the agreement to ensure you receive fair treatment. Some advantages of settlement agreements for employees include:
Financial compensation: A settlement agreement often includes a severance payment that provides financial support during the transition period after leaving employment.
Protecting your reputation: Settlement agreements can include provisions that prevent your employer from making derogatory comments about you and ensure that you receive a positive reference for future employment.
Flexible terms: Through negotiation, you can request additional benefits or changes to the terms of the agreement to better suit your needs.
Avoiding the stress of litigation: Pursuing a claim through an employment tribunal or court can be stressful and time-consuming. A settlement agreement allows you to avoid the uncertainty and emotional strain of litigation.
How Settlement Agreement Solicitors Can Help
Settlement agreement solicitors play a vital role in assisting both employers and employees in navigating the complexities of settlement agreements. Here's how they can help:
Expert advice: Settlement agreement solicitors have in-depth knowledge and experience in employment law. They can provide exper advice on the terms of the agreement, ensuring your rights are protected and that the agreement is fair and enforceable.
Negotiation: Solicitors can negotiate on your behalf, ensuring that your interests are represented and that you achieve the best possible outcome.
Drafting and reviewing agreements: Settlement agreement solicitors can draft or review the agreement to ensure that it accurately reflects the terms agreed upon and complies with all legal requirements.
Independent legal advice: For employees, it is a legal requirement to obtain independent legal advice on the terms of the settlement agreement. Solicitors can provide this advice, ensuring that you fully understand the implications of the agreement before signing.
Contact our Employment Settlement Agreement Lawyers in Yorkshire
If you are an employer or an employee and you need settlement agreement advice and assistance, get in touch with our team today. For a confidential discussion about initiating a conversation with an employee about a settlement agreement, or for legal advice on how to ensure a settlement agreement is fit for purpose, please contact us on 01904 716000 (York), 01937 583210 (Wetherby), 01653 692247 (Malton), or complete our online enquiry form. We look forward to assisting you.