Settlement Agreements

These are binding contracts whereby an employee and employer agree that the employee’s employment will terminate on the agreed terms contained within the Agreement.  Proper drafting of the Agreement is imperative to protect the employer against any possible claims and to provide recourse against the employee in question should any of the terms be breached in the future by the employee.

Employees will give up the usual employment claims in return for consideration, normally a cash payment.  Such payments can often be made tax-free which is beneficial to both employee and employer alike.

We are able to draft and provide advice on Settlement Agreements to ensure that you are protected as far as possible against any future claims the employee may have.

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