Settlement Agreements

Formerly known as compromise agreements, settlement agreements are an effective means of protecting your business from employment claims. 
 
In return for a specified sum of money, your employee agrees not to pursue any of their potential claims against you. 
 
Where settlement agreements are generic or not properly tailored to the parties and the circumstances or the legal requirements haven't been met, the Courts will be happy to find that the agreement is not enforceable. 
 
We will ensure that your settlement agreement meets all the legal requirements and protects you from all your employees' potential claims. 
   
Before you make an approach to an employee, even informally, it is essential that you first take specialist legal advice. 
 
The timing of and manner in which you approach an employee with a settlement proposal is crucial. For example, discussions about a potential settlement can be "off the record" but if an offer is made too soon, or in the wrong way, there is a risk of the whole conversation being referred to in later court proceedings. 
 
Not only can a well drafted settlement agreement provide certainty and limit your risk with regard to employment claims, it can also be used to reinforce valuable obligations.  For example:

  • to prevent an employee who is leaving from poaching your clients
  • to prevent an employee who is leaving from poaching your staff
  • to ensure an employee keeps your trade secrets confidential

We prepare and negotiate settlement agreements for all sorts of scenarios, from small settlements for junior employees to complex high value cases involving the most senior employees and executives.

Get in Touch

If you're seeking further expert legal advice on settlement agreements, get in touch with our team of solicitors today on 0800 083 0815 or fill out the contact form on the side of this page.

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