We give advice to employees on Settlement Agreements
Settlement agreements necessitate careful drafting to ensure clarity and safeguard the interests of all parties involved.
What is an Employment Settlement?
In employment law, an employment settlement refers to a legally binding agreement between an employer and an employee, often referred to as a settlement agreement or compromise agreement. It is a contract that resolves any existing or potential employment-related disputes or claims between the parties.
The settlement agreement typically outlines the terms and conditions agreed upon by both parties, including the amount of financial compensation or other benefits provided to the employee. By signing the settlement agreement, the employee agrees to waive their rights to pursue any employment claims against the employer. In return, the employer provides certain assurances and undertakings, such as confidentiality provisions or references and usually an enhanced financial package.
Employment settlements are commonly used to terminate an employment relationship on mutually agreed terms or to settle ongoing disputes, including grievances, disciplinary actions, or claims such as unfair dismissal, discrimination, or breach of contract.
How Can We Help?
An employment settlement ensures that both parties can resolve their differences without the need for formal legal proceedings. It is advisable for both employers and employees to seek legal advice before entering into an employment settlement to ensure their rights and interests are adequately protected.
As employment settlement specialists, we work with employees on draft agreements. This can then reduce the time and stress that an ongoing grievance or disciplinary process may incur, and bring about a termination of employment that is amicable for both parties.
Often employees seek our advice with respect to problems in the workplace. These may be resolved via negotiations, and/or a settlement.