A Settlement Agreement is a legally binding document that brings an employment relationship to an end. The agreement has the effect of compromising any claims an employee might have against the employer arising out of their employment or its termination in return for an agreed sum of money payable by the employer to the employee.

When entering into a Settlement Agreement it is a legal requirement that the Employee obtains independent legal advice and the solicitor providing that advice signs a certificate confirming their eligibility to provide the advice. It is common practice for the employer to pay for the advice.

We are careful to explain things to you in plain English, without legal jargon so that should you decide to sign the agreement, you understand exactly what you are agreeing to.

However, signing this type of agreement may not always be the best route, as your individual circumstances could dictate alternative options.