Compromise Agreement
COMPROMISE AGREEMENT SOLICITORS NORTH LONDON
Have you been offered a compromise agreement in North London ?
Compromise agreements are offered where an employee has a strong prima facie (on the face of it) legal claim against their employee or there are reasons why it is in both employer and employee’s interests to part on reasonable terms. In exchange for compensation, the employee agrees to waive their right to pursue legal claims against their employee bar:
- Personal injury claims
- Pension claims
- Claims regarding the breach of the agreement itself
Compromise agreements have the benefit of creating certainty:
- Certainty – you are usually allowed to move on without having to work through your notice (subject to the particulars of your employment contract).
- Compensation packages up to £30,000 are usually tax free.
- Compensation is usually more than what any equivalent statutory standards require, such as statutory redundancy pay.
Signing the agreement
Right, so you think everything is in order and you should sign the agreement. Wait! It is extremely important to get legal advice on the agreement, otherwise you will not be able to rely on it in the event that the agreement is breached.
Legal advice can be costly and surely I will have to pay ?
In the majority of cases, you will not have to pay your legal fees as your employer will agree to pay them or at least provide a contribution.
Right, I have sought legal advice, I can sign the agreement now, right ?
Wrong!
Always bear in mind that compromise agreements are negotiable regardless of the underlying issues which brought about the agreement in the first place. Our compromise agreement solicitors are highly experienced in dealing with both small and large employers, and we will strive to get you the best possible deal.
Local and convenient advice
Our compromise agreement solicitors are based in North London, providing you with a local service delivered conveniently on your doorstep. Our solicitors are here to provide you with practical, efficient and results orientated advice.
To find out more about our highly competitive fees and book your first free initial consultation, please get in touch right away.