Services
Employment
Settlement Agreements
(formerly Compromise Agreements)
Our Services
Settlement Agreements were known as Compromise Agreements up to July 2013.
A Settlement Agreement is a severance agreement offering a financial incentive when a contract of employment is terminated, to void an employee bringing a claim against their employer.
It is important to understand that a Settlement Agreement is a legally binding agreement, following the termination of employment.
An employee will be offered severance payment by an employer – and in some cases, there may be other incentives such as shares included in the deal.
There may also be compensation in a Settlement Agreement in lieu of notice of termination of employment.
The purpose of an employer offering a Settlement Agreement is to avoid any claim the employee may have, which might be taken to an Employment Tribunal – because of this employees must seek expert legal advice as soon as possible and before accepting a Settlement Agreement.
Atlantic Solicitors can advise on negotiating a Settlement Agreement – or can advise on a Settlement Agreement already on the table.
Our employment lawyers act on behalf of claimants and respondents in all Employment Tribunal related matters.
Atlantic Solicitors is happy to advise on all Settlement Agreements, including high-value Settlement Agreements – and settlement packages for low- to-middle income employees.
Service Fees
Employees may receive free legal advice on a Settlement Agreement, as the employer will usually contribute towards the legal costs for advice. We will invoice the employer directly, so that a client will not have to pay anything, unless otherwise indicated by our employment law team.
For private fee-paying clients, We operate a transparent fee scale – and can offer a range of competitively priced funding options for claimants and respondents in employment law cases where costs will be incurred, including:
No-win-no-fee.
Damage based fee.
Contingency fee.
Fixed fees (for specific tasks)
Insurance funded cases.
Some cases may be funded with Home Contents Insurance or Contents/Buildings Insurance with additional Employment Protection Cover.