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Compromise Agreement Solicitors London, Marlow, High Wycombe, Reading, Maidenhead, Windsor, Henley-on-Thames
Compromise Agreements
A compromise agreement is a legally binding agreement following the termination of your employment. It usually provides for a severance payment by your employer, in return for which you agree not to pursue any claim you may have against your employer. Quite often, the compromise agreement will also deal with the notice element in your contract of employment and may provide for a payment in lieu.
Employers are now increasingly using compromise agreements as a mechanism for preventing possible future complaints to a tribunal, especially in redundancy situations.
An independent solicitor must advise the employee as to the terms of the agreement and implications of it before it is executed by the employee. For more advice, please contact our Compromise Agreement Solicitors on 014910 630000
