Compromise Agreement
COMPROMISE AGREEMENT SOLICITORS BATH
Compromise Agreements Bath
What are compromise agreements?
Compromise agreements are often given to employees following the termination of employment. They are used for a variety of circumstances, including circumstances where employees do not wish to return to work after taking maternity/paternity leave, redundancies and general underlying and unresolved grievances.
As part of the agreement, your employee will pay a sum of money and provide other benefits in exchange for your promise not to pursue any claims through an employment tribunal or other means. These payments are tax free up to £30,000.
Confusingly, compromise agreements may not actually be labelled ‘compromise agreement’. Where you are ensure of whether you are dealing with a compromise agreement, it is best to be absolutely certain by seeking legal advice.
Seeking advice
For the agreement to be valid, it is absolutely vital that you seek independent legal advice, which can include advice from trade union officials and solicitors. In-house legal advice will not be considered sufficiently independent for the purposes of a compromise agreement.
Most compromise agreements will include provisions for legal costs, so by going to a solicitor you really have nothing to lose.
How we can help
We have years of experience in negotiating the best deals for our clients and have generally found that the underlying issue does not materially impact on the amount of money or benefits you can receive.
In addition to providing general advice and renegotiating the agreement with your employer, we can help redraft the agreement if that proves necessary.
We will fully inform you of all the options available to you. It could be the case that you have a legitimate claim for unfair dismissal or workplace harassment and we advise your rights to pursue claims at an employment tribunal where this is the case.
Get in touch
To find out what we can do to help, please get in touch with our compromise agreement specialists. All initial consultations are free and without obligation, so you really have nothing to lose.