Helping you to secure the best possible outcome from your Southampton settlement agreement

  • A settlement agreement is one way to end an employment contract on an agreed set of terms. Often, but not always, in order to resolve a dispute.
  • It’s a legal requirement for anyone signing a settlement agreement to take independent legal advice first to ensure they understand the potential consequences of the agreement.
  • Settlement agreements are complex and you will need expert advice. Our specialist employment lawyers in Southampton will guide you through the agreement and ensure you walk away with the best possible package.

If you have been offered a settlement agreement (formerly known as compromise agreements) by your employer in the Southampton area, it’s important that you have expert advice to make sure you’re getting the best possible deal from the situation, before you sign anything.

A settlement agreement will sometimes be offered if there is an ongoing dispute with your employer, or if the employer wishes you to leave the business on a specific set of terms, which could be instead of redundancy or for another business reason. The settlement agreement will usually mean that you are offered a sum of money and in return for this, you agree to waive your rights to bring a claim against your employer at any point in the future.

As settlement agreements can be complex, and signing one means that you are waiving important employment rights, it’s essential, as well as being a legal requirement, that you have expert legal assistance to ensure you understand all of the implications and consequences of the agreement before you sign it. As expert settlement agreement solicitors in Southampton, we will take you through the entire agreement to make sure that every clause is understood and that the sum of money being offered is fair recompense for this. We want to ensure that everyone considering a settlement agreement in Southampton or Hampshire has the expert help they need to make an informed decision.

If you are not happy with the deal that you’re being offered, we can also negotiate with your employer on your behalf to ensure the best possible outcome for you from the situation.

Should I sign a settlement agreement?

Every settlement agreement and set of employment circumstances are different, so your settlement agreement needs to be checked by an experienced solicitor and you must be made aware of all of the potential consequences before you sign it.

It might be the case that your Southampton employer wants you to sign a settlement agreement because they are concerned that you could have a valid employment claim against them if you decide to take it to an employment tribunal. Signing the settlement agreement would mean that you cannot bring any claim against them in the future.

It’s important that you fully understand every aspect of the agreement before you sign it and are happy with the sum of money being offered in return for waiving certain employment rights. If you’re unsure whether you’re getting a good deal or not, we can talk you through what would be involved if you decided to bring a claim instead and a potential settlement amount you could expect if your employment tribunal in Southampton were to be successful. This needs to weighed up against the potential stress and effort involved in bringing a claim to tribunal, along with the chance that the panel or judge may not find in your favour, in which case you could end up with no settlement at all.

Our expert team offering settlement agreement advice in Southampton will help ensure that you achieve the best possible outcome from the situation, enabling you to then focus on moving forward to the next stage of your career.

In addition to our team of experienced employment law specialists in Southampton, we also have offices in London, Richmond, Woking, Lymington and Guildford. Get in touch today to find out how we can help you with a settlement agreement or any other aspect of employment law.