Let’s end it here
A settlement agreement is a legally binding contract between an employer and an employee. The employer is willing to provide the employee with a severance payment if the employee is willing to leave their job immediately and not to pursue any claims in a Tribunal or court. Therefore, the parties agree to ‘settle’ a matter before it goes any further.
Employers often offer such an agreement if they want to terminate a contract without going through a long, drawn-out process. If there perhaps already had been issues about grievances or performance, the employer could circumvent a claim for unfair or constructive dismissal. A settlement agreement will ensure a clean break without repercussions from a court or Tribunal. All employers, when considering and entering into a settlement agreement should follow the ACAS Code of Practice.
You need a solicitor.
A settlement agreement under UK law will only be recognised if a solicitor or trained trade union advisor signs off on it.
Our specialist employment solicitors at Robertson Solicitors will be able to advise you on the merits of your settlement, tell you if the settlement seems fair, and identify any issues of which you might not be aware. We will help you get the best deal possible.