Settlement Agreements Solicitors
Settlement Agreements are becoming increasingly common in employment law disputes. For employers, there are multiple benefits:
- You can settle a dispute with your employee swiftly and effectively.
- Such Agreements are an efficient way to end an employee’s contract of employment.
- You can avoid the risk of public Employment Tribunal or court proceedings, preserving your business’s reputation.
- You do not need to divert time and money that could be devoted to growing your business to defending disputes with employees.
- You can include favourable terms, such as confidentiality clauses, to prevent the employee from talking about the dispute with anyone else.
- Once the Agreement is signed, you can move on with peace of mind, knowing that the employee can no longer bring legal action in relation to the settled disputes.
In return, you will usually agree to pay a sum of compensation and other benefits for the employee, such as to give a reference to their next employer.
At Symes Bains Broomer, our specialist employment law solicitors have substantial experience in both drafting Settlement Agreements and advising on their terms. Our approach is to explain everything to you in a clear, accurate and timely manner, making sure that the resulting agreement is favourable to you in the context of your business.
The Agreements themselves are likely to follow negotiations about the terms of any settlement and our team are happy to help with these negotiations as well. Recent law has introduced the idea of ‘protected conversations’ aimed at agreeing settlements of this nature and we are on hand to advise on these conversations and to explain their legal implications.
What our Settlement Agreement solicitors can do for your business
Our inclusive service covers:
- Advice about whether entering into a Settlement Agreement with your employee is right for your business.
- Settlement agreement drafting and review services.
- Ensuring compliance with the legal requirements associated with settlement agreements. For example, confirming your employee has received a sufficient level of independent legal advice prior to signing an agreement.
- Advising on your options further to a breach of Settlement Agreement. For example, if the employee breaches any confidentiality clause.
- Other general employment dispute resolution advice for employers.
Why you can rely on Symes Bains Broomer for Settlement Agreement advice
Decades of employment law expertise
Our team have been advising and supporting businesses with all aspects of employment law for many years. As a result, we have developed a tried-and-tested approach which we tailor to each client’s individual needs and requirements.
A commercially-focused approach to employment law
No business is the same. Each faces its own unique set of challenges and opportunities. We understand this and will carefully align our approach to coincide with your commercial goals.
We do not offer ‘template’ or ‘one-size-fits-all’ Settlement Agreements – every Agreement we draft is carefully customised to each individual business’s needs while complying with legal requirements.
Ongoing employment law advice and support
Keeping up with your responsibilities as an employer is a never ending challenge, so having an employment law specialist on your side can be invaluable for future disputes.
We know that not all disputes can be avoided. But having in place the right policies, procedures and methods for dealing with disputes is the key to protecting your business while nurturing a loyal, productive workforce. Our employment lawyers can work with you on a long term basis to help you get the law right every time.
Flexible, proportionate costs
Costs are likely to be a major concern for your business. We are completely upfront and frank about the potential costs you could face, including our fees for drafting the Settlement Agreement, and the costs you could save by avoiding court or Employment Tribunal proceedings.
Other than our fees, costs you may face include any compensation you agree to pay to your employee under the Settlement Agreement. Some employers also agree to pay the costs of the employee’s legal advice to ensure that they consult a qualified lawyer (a legal requirement for the Settlement Agreement to be valid).
These costs should be weighed with the potential costs of the employee taking further legal action and any other disruption this could cause (such as damage to your professional reputation).
We will work closely with you, your employee and their lawyer to carefully negotiate these costs and reach a fair, proportionate solution.