FROM THE EMPLOYER’S POINT OF VIEW
Compromise Agreements or Settlement Agreements are an essential way of regulating the basis upon which employment is terminated, whether this is for an individual employee or on a larger scale for multiple employees.
Whatever the case, you need professional advice on how best to do this.
These types of agreements are an effective way of resolving an employment dispute clearly and with as much certainty and finality as possible. Consideration and careful drafting of this type of agreement is essential to avoid potentially costly legal proceedings from a disgruntled employee. They can also help protect other business interests as well.
We are able to provide you with a full range of advice from how to reach an agreement with your employees to drafting a legally binding contract reflecting the agreed settlement terms.
We are happy to advise you in person, over the telephone or via email and work with your specific needs and requirements.
FROM AN EMPLOYEE’S POINT OF VIEW
If your employer has presented you with a compromise agreement and you need advice on the terms and implications of signing the agreement we can assist. We will advise you on whether or not this is a fair settlement after considering your length of service, wages and the reasons for your employment being terminated.
The cost of an employee obtaining advice on a compromise agreement is normally met by your employer. Please contact us to see how we can help you at this difficult time.