At Curzon Green Solicitors we provide a fast, cost-effective and efficient settlement agreement advice service.
Our commercial user-friendly and knowledgeable lawyers will guide people through the process of what can be quite a difficult and stressful time. The benefits of our service include:
- A free initial no obligation telephone consultation
- We aim and endeavour to work from the fees paid by the employer
- A same day face to face consultation wherever possible
- Specialist commercially focused advice
- Clear and competitive legal costs
Mechanics of a Settlement Agreement
A Settlement Agreement is a legally binding agreement that leads to or follows a person’s employment being terminated. Ordinarily it will provide for a severance payment by the employer, and the employee agreeing not to pursue any Employment Tribunal claims.
It is also normal for the Settlement Agreement to deal with the notice element in an employee’s contract of employment and may provide for a payment in lieu of this. Settlement Agreements are very common. They offer a mutually convenient arrangement for both parties due to the certainty and tax advantages.
There is usually a period of negotiation and discussion between the employer and employee, or their legal advisers, to ensure that a mutually beneficial compromise is achieved.
Settlement Agreements are recognised by statute as being the only way employment claims can be resolved in a binding way without the need for Employment Tribunal proceedings, other than via a COT3 via ACAS following conciliation. This is because Settlement Agreements are an exception to the rule that an individual cannot contract out of his or her employment rights.
The Settlement Agreement should be explained to the employee by an independent solicitor before the agreement becomes binding. The solicitor must also sign the agreement to confirm that the appropriate advice has been provided. It is normal practice for the employer to offer a contribution towards the employee’s legal fees.
Other items that are commonly included in settlement agreements are an agreed reference, an agreed announcement, payment in lieu of notice (where this is not worked), outplacement support (and see below for our recommended partner) and confidentiality obligations.
Our specialist solicitors have great experience in providing expert advice on Settlement Agreement to both employers and employees.
Introducing our recommended Outplacement partner, Personal Career Management
Personal Career Management offer high quality outplacement services if you’re leaving your organisation or if you’re an employer wanting to support your staff. Outplacement provides the practical and emotional support needed to review, take stock, make smart choices and move into a new role as effectively as possible. The provision of such support can make a tremendous difference to job satisfaction and success. Independently recommended as best provider by the Guardian and Totally Legal amongst others, they provide the very best in personal and expert advice and support. If you’re not up to date with the job market – don’t worry they are.
Personal Career Management provide confidential advice on outplacement options to fit your requirements and budget. They have wide range of outplacement services, suitable for individuals or groups of staff, through to senior directors and CEO’s.
Personal Career Management offer a free 1-hour confidential consultation to discuss your situation and provide you with the programme information you’ll need, together with budget. Outplacement as part of a Settlement agreement is Tax free so by including it even as a salary sacrifice, you can save over 50% of the usual cost.
You can get a copy of their free settlement agreement guide here:
Please call Personal Career Management’s friendly head office team on 0345 686 0745 or email firstname.lastname@example.org to arrange your free confidential consultation and find out more. Alternatively, visit their website here.