Compromise Agreement Information Grimsby

Compromise agreements are documents that are signed by employers and employees when an employee is dismissed or made redundant. Read through the following articles to learn more about compromise agreements and find local companies and providers who can help you find what you’re looking for.

Stephen Ede, Cooke & Ashton
01471 310031
New St. Chambers
Grimsby
Bridge McFarland
01472 311711
19 South St. Mary's Gate
Grimsby
Rawlison Butler LLP
01293 527744
Griffin House
Crawley
Hamblin Ltd
01624 620022
35 Victoria Street
Douglas
David Phillips & Partners
0151 933 5525
268 Stanley Road
Bootle
Wilkin Chapman
01472 262626
New Oxford House
Grimsby
Paul Rudd
01472 350881
Riverhead Chambers
Grimsby
John Bromfield & Company Solicitors
024 7638 2343
120A Abbey Street
Nuneaton
TWM Solicitors
01372 729555
123 High Street
Epsom
Isherwood & Hose
01706 52225
138 Yorkshire Street
Rochdale

Compromise Agreements

Compromise Agreements

Sometimes relationships between employers and employees break down irretrievably and ending the employment seems to be the only solution. Compromise agreements are legal documents that can be used in the case of dismissal or redundancy generally offering a payment in return for agreeing to certain conditions.

Many employers are turning to compromise agreements in order to speed up the process of the 'parting of the ways' and to ensure that there is a clean break with no further repercussions from former employees. Their overall purpose is to settle a dispute over a dismissal or sometimes to prevent any possibility of further claims following redundancy.

  • Compromise agreements must be agreed upon and signed by both you and your employer following the termination of your employment. The agreed package is a 'full and final' settlement of any claims you may have against your employer'.
  • Because a compromise agreement is a legal document and must be signed by both parties, a solicitor must be involved. The solicitor should advise you regarding the terms and whether the amount of compensation being offered is appropriate. Follow this link to find details of local solicitors with expertise in Employment Law.
  • The solicitor must also sign to say that they have ensured you fully understand all elements of the agreement you are signing. Your employer will offer a specified sum of money for legal fees. If it turns out that the complications of your case require more time, your solicitor may be able to negotiate an increase in the fee as part of the compromise agreement
  • A compromise agreement will generally include:
    • Details of the compensation - this usually consists of a payment which is often tax free
    • Any assurances given by the employer
    • The reference which will be given to prospective employers
    • The assurances given by the employee, usually including confidentiality
    • The acceptance of all terms by the employee and an assurance that legal action will not be pursued in the future.
  • Compromise agreements are written so that once you have signed you will not be able to bring a claim against your employer for anything at all. Both sides usually agree to a clause in the agreement guaranteeing confidentiality.
  • If you are not happy with the compromise agreement that has been offered, you do not need to sign it. You may continue to negotiate through your solicitor until an agreement is reached.

If negotiations break down without agreement, then you are free to pursue the case as you see fit. However this could mean that your employer might refuse to pay you the compensation package and you will need to consider taking the case to an Employment Tribunal for settlement. This is a decision which requires careful consideration and your solicitor will advise you on the implications .

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