Increasingly, you may choose to offer staff a Settlement Agreement when their employment is ended. This will enable you to agree a termination package with an employee, in return for them waiving any legal claims which they would otherwise be entitled to bring against you.
In order to form a binding settlement, several conditions must be met by a Settlement Agreement, including that the employee in question takes independent legal advice before signing it. Therefore, to make sure that you understand and meet those conditions we strongly recommend seeking your own legal advice and discussing your case with a specialist.
You can access further information on Settlement Agreements by downloading our free Settlement Agreements Factsheet. To find out more about how we can help you, please contact our employment specialist: