Compromise Agreement
North London Compromise Agreement Services for Businesses
Compromise Agreements in North London
Where trust and confidence has broken down between an employer and an employee it is usually best for all concerned to explore ways of reaching an agreement to settle differences without the cost expense and stress of going to an Employment Tribunal or for the employee to remain in post whilst not committed at best.
Compromise agreements – defined
Compromise agreements are extremely useful for businesses. If you dismiss an employee or that employee decides to quit, what do you if that employee has a potential legal claim against you which will involve legal costs and uncertainty ? You might use a compromise agreement.
A compromise agreement is a consensual agreement between employer and employee. The employee agrees to waive almost every legal claim (bar personal injury claims, pension claims and claims over the agreement itself). In exchange, the employer will pay the employee a certain sum of money. If the employee has been made redundant, it is customary to pay more than the statutory standards for redundancy pay.
The benefits of a compromise agreement for employers in North London
Compromise agreements:
Create certainty and allow both parties to move on unhindered.
- Minimise the employers liabilities with respect to a particular employee.
- Save money and time – employment tribunals can be particularly costly for employers as they are responsible for paying their costs irrespective of the result.
How we can help
Our compromise agreement solicitors are:
- Highly experienced
- Commercially focused
- Results driven
- Practical
- Personable
We believe trust is paramount in solicitor-client relationships. We will sit down with you to find out more about your needs and consult you on how these can be achieved.
As our solicitors are highly experienced, we offer a “one-stop shop” service. We can assist you with and advise you on:
- Drafting compromise agreements
- Pension issues
- Negotiating a compromise agreement
- Tax issues
- Confidentiality agreements
- Resolving disputes over a compromise agreement
This is a non-exhaustive list of our services. To find out more about our services and highly competitive fees, please get in touch.