What is a compromise agreement? A Compromise Agreement is a legally binding agreement and is usually entered into by an employee and employer at the end of employment. A Compromise Agreement usually provides for the employer to pay to the employee a severance sum in exchange for the employee undertaking not to pursue a legal claim against the employer.
The use of Compromise Agreements is now extremely common since employers want to prevent the risk of employees making possible claims against them in the Employment Tribunal (irrespective of whether or not an employee has grounds to pursue any type of claim). In order for a Compromise Agreement to have validity, certain conditions require to be satisfied including the requirement for the employee to have obtained advice on the terms and effects of the agreement by an independent Solicitor.
How much will it cost to seek legal advice on a Compromise Agreement? It should usually cost nothing since employers who ask employees to sign a Compromise Agreements generally also agree to pay the full legal costs and for the Solicitor’s bill to be forwarded to them directly. Further, if you prefer, you don’t have to attend an appointment with us since we can provide advice on a Compromise Agreement over the telephone. If you would like us to advise you on a Compromise Agreement please telephone the Head of our Employment Department, Margaret Gribbon - Solicitor on 0141 429 2181 or email her at mgribbon@bridgelitigationuk.com ensuring that the email contains the heading “Compromise Agreement”.
Alternatively, please complete and return the undernoted form and we will revert back to you promptly: Employee Request for Advice on a Compromise Agreement
- NAME
- EMAIL ADDRESS
- TELEPHONE NUMBERS
- PLEASE STATE THE NAME OF YOUR EMPLOYER
