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Settlement agreement negotiations

Settlement agreement negotiations and senior executive exits

Settlement agreements, also known as compromise agreements, are often used by employers to quickly exit an employee, rather than undertake a time-consuming disciplinary or capability procedure.

A settlement agreement is a legally-binding contract given to an individual to bring their employment to an end.

Employers often use well-drafted settlement agreements as a useful tool to resolve employment issues confidentially. In return for a payment, the employee agrees not to pursue an employment claim nor disclose the terms or payment amount.

Settlement agreement negotiations

Approach

If you are faced by a situation where you wish to exit an employee, or even multiple employees, our nationally-recognised team advise and prepare settlement agreements that best protect your interest, your customers and your confidential information by binding the employee to enforceable conditions.

We can provide scripts for settlement discussions, advice on handling settlement negotiations and ensure that your settlement packages are structured as efficiently as possible.

If you have already agreed a settlement, we can also provide independent legal advice to affected employees to comply with the legal requirements of the agreement.

Where large scale redundancy and reorganisation exercises involving over 10 employees are required, we design, manage and implement bulk settlement agreement projects and act as independent advisors.

Settlement agreement negotiations

Experience

We have extensive experience in drafting settlement agreements in commercial transactions.

This includes corporate restructures and company sales and purchases, where the sensitive exit of senior executives is often crucial to the success of the transaction.

We are renowned for acting on behalf of employers, providing pragmatic and practical solutions that are tailored to your business needs.

Our employment law solicitors have drafted settlement agreements for a wide range of employers and sectors for numerous years, placing every client that we work with in the strongest position with the lowest level of risk.

We also have significant experience in advising employers on the amount that they should offer to their employees to seek independent settlement agreement legal advice.

If you have already agreed on a settlement with an employee, we can also provide independent settlement agreement legal advice to them to comply with the legal requirements of the agreement.

Do you need assistance?

For support with settlement agreements, please contact us on 01332 226 155 or complete the form below.

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Settlement agreement negotiations and senior executive exits

Approach

Experience

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