Compromise Agreements For Employers

If you are thinking of making staff redundant and making compensation payments to them you must consider obtaining a professionally drafted Compromise Agreement. Once a Compromise Agreement is signed by your employee, they are unable to take any action against you in an Employment Tribunal. It details all of the agreed terms of settlement and is a legally binding document that protects you from future claims. We can draft a Compromise Agreement for you to protect your interests.

Why Have A Compromise Agreement?

The Compromise Agreement details all of the settlement terms, and most importantly, removes the employee's right to take any future legal action. Compromise agreements are recognised by legislation and are legally binding.

Why Bother With A Compromise Agreement?

The main reason for an employer is that a Compromise Agreement will provide you with complete peace of mind, and remove any future and potentially costly Tribunal claim. You can also include any reasonable terms for restricting the future employment of the employee if working for a competitor could be adverse to your business' interests.

Who Pays For The Compromise Agreement?

You will need to pay for the drafting of the agreement and also for the employee's solicitor to review it to ensure that it is a fair settlement. The cost for the review is usually in the region of £250 to £750 depending on the nature of the settlement, but this is often a small price to pay for the peace of mind it buys.

Fixed Fee Compromise Agreement Advice

Normally our Compromise Agreement is for a fixed fee so that you can budget appropriately and know exactly what your costs will be.

Please call us on 0808 178 9002 or complete our online enquiry form and we will soon be in touch with you.

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