Compromise Agreements
It is becoming more common for employees to be asked to sign a compromise agreement when their employment ends. A compromise agreement is a legally binding document which, when signed by you, means that you are unable to run a claim in the Court or an Employment Tribunal relating to your employment. The compromise agreement also sets out the financial and other terms on which your employment will end.
Before you sign a compromise agreement you need to know:
- What contractual payments you are entitled to at the date of the termination of your employment (such as salary, car allowance or holiday pay
- Whether you have a legitimate employment law claim against your employer (such as unfair dismissal or discrimination) and
- What additional terms (such as restrictive covenants and confidentiality clauses) you are being asked to agree to in the compromise agreement itself which will affect you after your employment ends.
Our team will provide you with proactive and commercial advice on a compromise agreement you are being asked to sign.
To discuss how our team can help you, contact:
Tim Gofton
Tel: 01225 750036
Email: timothygofton@mogers.co.uk
