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When are Settlement Agreements used?
Settlements agreements are effectively the same as Compromise Agreements as the name changed in July 2013 and they are useful tools for an employer to terminate an employee’s employment without worrying about having to face a future claim. They are often used where the employer and/or employee agree a termination in exchange for a termination payment or some other benefit to be given to the employee, eg a reference.
Our employment staff has years of expertise helping the residents of the Sheffield City Region and are professionals in their sector. We provide practical legal advice so you may make the best choice for you and your circumstances.
What are the legal requirements which make Settlement Agreements binding and enforceable?
Settlement agreements must comply with a number of conditions. Most importantly settlement agreements must be in writing and the employee must have received independent legal advice as to the implications of the proposed agreement and the effect the agreement will have on an employee’s ability to pursue their rights before an Employment Tribunal.
What is the point in taking legal advice? What will I be advised?
There are many things to consider when seeking advice on a settlement agreement, but some of the most frequent issues which require consideration are listed below:
- Tax implications of the termination payment
- Provision of a reference
- Cost contribution for the independent advice
- Reminder of existing restrictive covenants and confidentiality clauses and provision for any new clauses
- Tax indemnity
- Exemption for future personal injury and accrued pension right claims
We can help you negotiate and draft a settlement agreement if you are an employer or if you are an employee advise you on the consequences of signing a settlement agreement.
Upcoming Events & HR Training for Employers
As experienced HR Advisors and Employment Law solicitors we see first-hand how HR issues can affect both the employee and the employer.
Our training is very well received by attendees and is delivered by lawyers and HR advisors, with combined knowledge and expertise, in a practical way which works for your business.
Bhayani Law clients and charities get discounts on our training and some of our training is available at discounted rates with public funding between 40-100%.
Our events allow you to meet other businesses and build your connections, so do book if you want to come along.
Sexual Harassment Training – Aimed at employees of all levels
A year has now passed since employers were given a legal duty to actively prevent sexual harassment at work. Since...
- 11.00 am - 12.30 pm
- November 27
Neurodiversity in the Workplace Training
Our comprehensive Neurodiversity in the Workplace training programme is designed to equip HR professionals, managers, and team leaders with the...
- 9.00 AM - 1.00 PM
- December 4
Final Employment Law Update of 2025: Get Your Organisation Ready for 2026
End-of-year employment law update. The last major 2025 changes are here, and 2026 brings the biggest reforms in a decade....
- 12.00 PM - 1.30 PM
- December 11
Neurodiversity in the Workplace Training
Our comprehensive Neurodiversity in the Workplace training programme is designed to equip HR professionals, managers, and team leaders with the...
- 9.00 AM - 1.00 PM
- January 27
Sexual Harassment Training – Aimed at employees of all levels
A year has now passed since employers were given a legal duty to actively prevent sexual harassment at work. Since...
- 11.00 am - 12.30 pm
- November 27
Neurodiversity in the Workplace Training
Our comprehensive Neurodiversity in the Workplace training programme is designed to equip HR professionals, managers, and team leaders with the...
- 9.00 AM - 1.00 PM
- December 4
Final Employment Law Update of 2025: Get Your Organisation Ready for 2026
End-of-year employment law update. The last major 2025 changes are here, and 2026 brings the biggest reforms in a decade....
- 12.00 PM - 1.30 PM
- December 11
Neurodiversity in the Workplace Training
Our comprehensive Neurodiversity in the Workplace training programme is designed to equip HR professionals, managers, and team leaders with the...
- 9.00 AM - 1.00 PM
- January 27
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