Rising redundancies will lead to more settlement agreements
As the ongoing financial impact of Covid-19 takes its toll, businesses are being forced to make redundancies. Those being let go are often offered a settlement agreement, a legal agreement between employer and employee. Settlement agreements provide a payment in… Read on
Settlement agreement negotiations
When you are in the midst of settlement agreement negotiations, one of your main considerations will be whether the financial package makes it worth signing or not. Several factors will come into play here. Usually these will be to do… Read on
Signing a settlement agreement
Try to resist feeling pressured into signing a settlement agreement. It is important to take control of the negotiation. The first thing to remember is that this happens frequently. Nothing is binding until the agreement has been agreed and signed… Read on
Top tips for a negotiated exit
Many people’s employment will end as a result of a mutually agreed settlement with their employer. This ensures that both parties can end their employment relationship formally – usually with the payment of a termination package recorded in a settlement… Read on
I’m being dismissed: do I need a settlement agreement?
Not every employer will offer every employee a settlement agreement on the termination of their employment. Does this matter? What are the benefits of a settlement agreement for employers and employees? And, do you have to use a lawyer (and… Read on
What is the difference between a COT3 agreement and a settlement agreement?
COT3 and settlement agreements are both written agreements which are intended to settle, or resolve potential employment law complaints that could be brought by employees, workers and suchlike. Settlement agreement Pretty much every employment law right given to workers can… Read on
How can a solicitor help with my settlement agreement?
1. The agreement won’t be valid without one A settlement agreement will not be valid unless a legal adviser such as a solicitor has signed it off. You will usually therefore have no option but to use a solicitor, so… Read on
Settlement agreement FAQs
We have produced many guides about settlement agreements, and here are your most popular questions about them. What are settlement agreements? Settlement agreements (which use to be called compromise agreements) are used to bring employment to an end. They are… Read on
COT3 wording – take care
We report on a case where the wording of a COT3 Settlement Agreement did not do the job the employers expected it to. Background In the recent Employment Appeal Tribunal decision of DWP v. Brindley, the Court dealt with an… Read on
New ACAS code of practice on settlement agreements
ACAS is currently consulting on a new Code of Practice designed to give guidance on discussions around the possible termination of an employee’s employment. There are a wide variety of situations where an employer (or an employee) might suggest that… Read on