Settlement agreement solicitors, Richmond
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Contact our teamHelping you to secure the best possible outcome from your settlement agreement when based in Richmond
- A settlement agreement can be used to end an employment contract on a set of terms that are agreed in a legally binding manner. This might sometimes be done to resolve a dispute between the employer and employee.
- If you receive a settlement agreement offer, it’s a requirement that you take independent legal advice before signing it, to make sure that you understand the implications of any employment rights you are waiving.
- Some settlement agreements can be complex in nature. Our experienced Richmond employment law solicitors can help offer trusted legal advice on the settlement agreement to help ensure you get the best possible package.
Settlement agreements, formerly referred to as compromise agreements, are sometimes offered by an employer if they want an employee to leave the business with specific terms attached. On some occasions, this might be as a way to try and resolve an ongoing dispute between the employee and employer.
What is a settlement agreement?
A settlement agreement is a legally binding contract between employee and their employer to end the employment under a specified set of terms. The employee needs to take legal advice before signing a settlement agreement.
Your settlement agreement solicitors in Richmond
Settlement agreements in Richmond might also be used as an alternative to redundancy or for another business reason. They will generally ask the employee to waive certain employment rights in return for being paid a lump sum of money. The settlement agreement will usually state that the employee gives up their right to bring an employment claim against the employer at any point in the future.
Due to the fact that you will potentially be losing certain employment rights if you sign the settlement agreement in Richmond, you are required to take independent legal advice before you do so. To help protect your interests in this type of situation, you must have been given advice on the specifics of your agreement and what you are potentially giving up if you do sign it, before your final decision is made. It’s important that you know whether you are being given a fair deal in terms of the lump sum offered, in return for the employment rights you’re giving up.
Our expert Richmond team of settlement agreement specialists can give you the benefit of their experience when it comes to the package offered, so that you can make an informed decision on whether or not to sign the agreement as it is, or whether you would like us to attempt to negotiate with your employer on your behalf for a more favourable deal.
Should I sign a settlement agreement?
Whilst many settlement agreements have similar aims, the specifics of every agreement and the circumstances that surround your employment are unique to you, so it’s important that you receive tailored legal advice that takes all of these details into account. Our settlement agreement experts in Richmond have the benefit of years of experience in handling many other similar cases, so they are ideally placed to offer the specialist advice that you need before you make a decision about signing the document.
Every clause of your settlement agreement needs to be examined by a professional and the potential consequences will be outlined to you so that you fully understand what you’re signing and what you will receive as a result.
It can be unclear at times, especially if you have never seen a settlement agreement before, whether what you are being offered is a good deal, taking into account the employment rights that you are waiving and the loss of any future compensation for a claim that you will not be able to make if you sign. Our Richmond settlement agreement team can help to advise on whether you’re being offered a good package in relation to your specific circumstances and the history of this particular period of employment.
How we can help
Our experienced solicitors at Moore Barlow are dedicated to providing expert advice and guidance when it comes to settlement agreements in Richmond. We understand that the termination of employment can be a complex and sensitive issue, which is why our team is here to support you every step of the way. Whether you are an employee seeking legal advice on the terms of a settlement agreement or an employer looking to navigate the negotiation process, we have the knowledge and expertise to assist you. Our aim is to ensure that your interests are protected and that you achieve a fair and satisfactory outcome.
Who we help
Our experienced solicitors in Richmond specialise in settlement agreements, catering to individuals facing termination of employment. We provide expert guidance and advice to employees, ensuring their best interests are protected during negotiations and securing the most favourable outcome possible.
Contact us
Contact our expert employment lawyers in Richmond today to discuss your settlement agreement. We provide comprehensive legal advice and representation, ensuring your interests are protected. With our experience and expertise, we will guide you through the process and help you achieve the best possible outcome. Call us on 023 8071 8000 or email to schedule a consultation.
We have offices in London, Richmond, Southampton, Guildford, Lymington and Woking and offer specialist employment legal services to clients nationwide. Contact Moore Barlow to find out how we can help.
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