Compromise Agreements for Employees

This is an agreement between you and your employer determining the terms under which you agree to mutually terminate the employment relationship. Under the terms of the agreement your employer will pay you compensation above statutory entitlement so that you do not bring a claim against them to the Employment Tribunal.

What is the benefit of a Compromise Agreement?

A Compromise Agreement provides both parties with a degree of certainty and closure. You will receive an amount of financial compensation for the loss of your job which would not be guaranteed if you were to pursue a claim through a Employment Tribunal. Making a claim could be lengthy and costly.

Why seek legal advice?

• In order for the agreement to be legally binding you must have received independent legal advice in relation to the agreement from a suitably qualified legal adviser.
• We can advise you as to any potential claims you may have which could be brought before an Employment Tribunal and the merits of you making a claim as opposed to entering into the Compromise Agreement.
• We may be able to negotiate on your behalf for a better settlement.

How much will it cost me?

In most cases the employer pays the legal costs. As there is a legal requirement fro the employee to have independent legal advice it has become usual practice for them to do so.

Should you require any assistance please contact us on 0208 301 4884 and book an appointment to see one of our specialists today. We will deal with your advice promptly and within one appointment if necessary. Alternatively, you can email us at enquiries@alettashaw.co.uk and we will contact you.