Settlement Agreements

Focus on Settlement Agreements

In this series of articles I am going to focus on Settlement Agreements and answer the most Frequently Asked Questions that you may have. If there are any questions that are not covered please leave a comment, or send an email, tweet or Facebook message and I will add the answer.

What is a Settlement Agreement?

A Settlement Agreement is a contract between you and your Employer within which you are agreeing to accept a sum of money, compensation, in return for agreeing not to pursue your employment rights in the Employment Tribunal or Court.

Usually it will also mean that you are agreeing to the end of your employment with the employer, but not always.

In order to be legally binding a Settlement Agreement must:

1)      be in writing;

2)      relate to a particular complaint or proceedings;

3)      include your legal adviser’s name (you are required to obtain legal advice about the terms);

4)      state that it meets the necessary legal conditions regulating Settlement Agreements.

 

Where can I find more information?

ACAS have produced a code of practice which can be found on their website www.acas.org.uk which contains information about how a Settlement Agreement should be prepared and the discussions that take place around the Settlement Agreement.

Alternatively you can give me a call on 023 80982006, 01983 897003 or 07969 598080. I can also be contacted by email on Alison@alisoncolley.co.uk

 

Have you been given a Settlement Agreement and want to arrange an appointment to discuss ?

I offer appointments that are convenient for you & we can discuss your Settlement Agreement: in person, on the telephone, via skype or facetime.

I can meet with you face to face in Southampton, Portsmouth, Eastleigh, Winchester, Fareham, Isle of Wight and surrounding areas.

Just give me a call, drop me an email, or send me a message via facebook or twitter and we can arrange the best time and means of communication for you.

 

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