Our Solicitors will negotiate your Settlement Agreement: We will carefully advise you on whether the severance payment the employer proposes to pay you is a good offer, or whether it would be sensible to go back and ask for more money. However it is often worth asking for more money, or better terms of severance.
In order to do so we will need to speak to you to identify any potential claims arising, and to then consider what they might be worth.
Employers normally offer payments in addition to any sums that that they are obliged to pay you by law (for example a statutory redundancy payment and notice). This is often referred to as the Compensation, Termination, Ex Gratia or Settlement, Payment.
The payment may not be as generous as it initially appears; for example it may include your entitlement to notice and/or statutory redundancy pay. Bear in mind that there may not be any obligation on your employer to offer enhanced payments in a redundancy or severance situation.
If, for example, we identify a potential claim of unfair dismissal arising, the offer may not be sufficient to compensate you for your losses arising from that dismissal.
We will frequently negotiate better packages for our clients. Call us today to discuss this further with an experienced employment law solicitor.
Common Questions regarding Settlement Agreements
- What is a Settlement Agreement and why should I sign one?
- Why do I need to see an employment solicitor before signing a Settlement Agreement?
- Do I have to pay to get advice on a Settlement Agreement?
- Should I accept the Settlement Agreement or ask for more money?
- Can payments made under a Settlement Agreement be paid free of tax?
- Can I get an agreed reference as part of the Settlement Agreement?
- Should I reject the Settlement Agreement Offer and bring a claim in the Employment Tribunal?
- What are common clauses in a Settlement Agreement?