With Furlough coming to end soon employers may think of downsizing their workforce in the short-term so I’ve prepared this note to help with the discussion process. Settlement Agreements are legally binding contracts allowing employers and employees to part company safely. They offer certainty, tax efficiency and very importantly closure but the sticking point is often - what’s it worth?
If your employer has offered you a settlement agreement, you may be wondering whether you have to accept what is on offer. It is a legal requirement that you receive independent legal advice on the terms and effect on you of the settlement agreement. As part of the review we will discuss any employment law issues such as potential claims. If the departure is amicable, we can focus just on the terms. We will help you decide whether to accept the agreement. Within the fixed fee service, we will enter reasonable negotiations on your behalf.