Formerly known as compromise agreements, settlement agreements are voluntary agreements that can help you agree on a departure from your employer and/or settle a dispute amicably and under conditions that are beneficial to you. Make an appointment to discuss how we can help you with your transaction agreement. It`s just as important that your settlement agreement can be drafted in such a way that it offers things that a court can`t order, such as for example. B an agreed work reference, an announcement to your colleagues or customers or outplacement assistance. If your employer has offered a settlement agreement to end a dispute and/or your employment, speak to an experienced labour lawyer, call us on 0161 830 9632 or contact us and we will give you a call. A settlement agreement is usually used in connection with the termination of the employment relationship on agreed terms. A settlement agreement could also be used if the employment relationship is prolonged, but both parties wish to settle a dispute that has formed between them. You will almost certainly give up your right to assert your rights against your employer. You are required by law to be advised before signing a settlement agreement. Our team of specialists is able to give this advice face-to-face or by phone at will.
Please contact us to make an appointment if a transaction agreement has been offered to you. “A bad comparison is better than good judgment every day of the week.” -Judges (retired) Be especially aware that there will be no turning back after signing the settlement agreement. The amount of compensation for the transaction agreement you receive determines whether it is exempt from tax. Typically, the first £30,000 of payments made in a transaction agreement are exempt from tax, but all payments for leave entitlements and salary are taxable as usual. Staff members receive independent legal advice and can conclude their settlement agreement within the time they are ready to do so. You have a direct link with your lawyer Paul Hardy on 01476 372 047 and a direct e-mail address to email@example.com. This means you`ll never need to come to our offices for face-to-face advice (unless you wish)….