Helping you to secure the best possible outcome from your Lymington settlement agreement
- Settlement agreements are used to end an employment contract on a set of agreed terms, rather than a standard redundancy or resignation. They are often used to resolve an employment dispute.
- If you’re offered a settlement agreement, you must take independent legal advice before signing it, because you’ll be agreeing to waive certain employment rights that you can’t then exercise at a later date.
- Our specialist settlement agreement experts in Lymington will guide you through the agreement you’ve been offered and help you to get the best possible package.
If your employer has asked you to sign a settlement agreement (which used to be known as compromise agreements) to end your employment with them in the Lymington area, it’s vital that you seek expert legal advice to make sure that the deal you would be getting is fair and enough to compensate for the employment rights that you are giving up in return.
Settlement agreements are sometimes offered if there is an ongoing dispute with your Lymington employer, or they may wish to use a settlement agreement instead of standard redundancy, or for any other business reason. The agreement will usually offer you a sum of money in return for you waiving your right to bring an employment claim against them, either now or in the future. You are not under any obligation to sign the settlement agreement, but it’s a requirement that you take legal advice before making a decision as both options could have significant consequences for you.
As experienced settlement agreement solicitors in Lymington, we will take you through every clause in the agreement to ensure it is understood and that the sum of money being offered is fair in the circumstances. We believe that everyone considering a settlement agreement in Lymington should have access to the expert help they need to make an informed decision about the offer that is on the table.
If the offer you have been made does not seem fair, we can also negotiate on your behalf with your employer to help ensure that you get the best possible package as you move forward onto the next stage of your career.
What happens if a settlement agreement is breached?
As a settlement agreement is a legal binding document, outlining terms for both parties to adhere to, there can be serious consequences if either you or your employer breach the agreement.
For example, if your employer agrees to pay you a specific sum of money once you sign the agreement, but then fails to do so, you are within your rights to potentially bring a claim against them for failing to meet their obligations. In the same way, if you breach the terms of the Lymington settlement agreement that you signed, you leave yourself open to a potential claim from your former employer, and you may have to repay the sum of money that they originally paid out.
Why is legal advice required before signing a settlement agreement in Lymington?
It can sometimes be difficult to work out whether you are being offered a good deal with a settlement agreement, especially considering the employment rights that you usually have to forfeit as a result of taking the sum offered. There are often also non-disclosure clauses in settlement agreements, which mean that you are not allowed to disclose the sum paid to you or any of the terms involved with anyone else, or you will be considered to have breached the agreement.
Our expert team of settlement agreement solicitors in Lymington have helped many employees to get the best possible package from their settlement agreement and we can help you with whatever is required if you have to make a decision like this. This might mean that we ensure you fully understand all of the clauses and terms in the settlement agreement you have been offered, and it could mean that we also negotiate with your employer on your behalf to secure an improved package.
In addition to our team of experienced employment law specialists in Lymington, we also have offices in London, Richmond, Woking, Southampton 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.