VC LAW can help you negotiate and finalise your settlement agreement at the end of your employment.
An employee may enter into a settlement agreement upon the conclusion of their employment with their employer. This occurs where an employee has potential claims against the employer under the Employment Rights Act 1996 (ERA 1996) or other employment legislation. The employee will agree, as part of the settlement, to accept the terms of the agreement in full and final settlement of any claims they may have relating to the employment.
The settlement agreement may also provide that the employee should not commence legal proceedings in respect of those claims Typically the employer will pay at least a contribution to the employee’s legal fees, as the employer will wish the agreement to be legally binding and this can only be achieved if the employee has taken the requisite legal advice.
By entering into a settlement agreement, the employer has certainty that the employee will have no claim in the future against the employer.
Among other things, the settlement agreement will deal with all payments and benefits owing or agreed to be paid to the employee.
At VC LAW we are experienced in advising employees on the proposed terms set out in a settlement agreement, explaining their meaning, and considering whether the proposal reflects the full entitlement due.
Contact us to arrange a consultation with an experienced employment law solicitor in Liverpool.