Settlement agreements are becoming increasingly common in cases of redundancy. They are also used in many kinds of cases where employment law issues arise such as unfair dismissal or discrimination claims.
The purpose of a settlement agreement is to record how the terms of employment will end or a dispute will be resolved. Those terms are usually that the employer will pay a sum of money in return for the employee giving up rights to make the employment-related claims set out in the agreement.
An employer almost always makes a contribution to the legal costs of advice on the meaning and effect of the agreement.
With most settlement agreements, the employer’s contribution to costs is often enough to cover the cost of the work we do for an employee. As an employee, there may not be a charge to you for our work.