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If you’ve been offered a settlement agreement by your employer then you’ll want to obtain legal advice from a professional who is an expert in that field. In this article we take a look at what settlement agreements are and who you should be looking to obtain legal advice from on your settlement agreement.

What is a settlement agreement?

A settlement agreement is a contract regulated by statute which allows an employee and an employer to settle an existing or potential legal dispute (whether this was in the Employment Tribunal, County Court or High Court). This contract normally involves the employee waiving (or settling( some or all of the potential (or existing) claims that they may have against their employer in return for some form of payment. This payment may be financial (such as the payment of a sum of money and/or other contractual benefits, such as the provision of a company car or allowing the employee to keep their company mobile telephone) and/or it may include non-financial elements, such as the provision of an agreed reference and/or offering the employee outplacement services after they leave their employment.

In order for a settlement agreement to be valid, it must (among other things) have a certificate of advice which certifies that the employees has received legal advice on their settlement agreement from a legal adviser who is independent of the employer. We’ll have a look below at who can potentially be deemed to be a legal adviser.

Who should you obtain legal advice on your settlement agreement from?

In order for your compromise agreement to be valid, you must obtain legal advice from one of the following types of “legal adviser”:

  • A solicitor or barrister
  • A suitably qualified Trade Union official
  • A suitably qualified Citizens Advice Bureau employee or volunteer

Redmans Solicitors’ employment law solicitors are expert in providing advice on compromise agreements (soon to be renamed settlement agreements) to employees and employers. Please get in touch with us today if you wish to obtain advice on such an agreement.

Please note, “compromise agreements” change their name to “settlement agreements” on 29 July 2013.

About

Redmans Employment Team deal with employment matters for both employers and employees, including drafting employment contracts and policies, advising employers and employees on compromise agreements, handling day-to-day HR issues, advising on restructures, and handling Employment Tribunal cases for both employers and employees Call 020 3397 3603 to speak to one of the members of our employment team or email us on enquiries@redmans.co.uk. Redmans have offices in Richmond, Chiswick, Hammersmith, Fulham, Kingston, Wimbledon, Ealing, Kings Cross and Marylebone (meetings strictly by appointment only).

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One Response to Getting legal advice on your settlement agreement

  1. […] Employment Tribunal held that Mrs Vincent’s compromise agreement was a valid agreement (as it met all of the requirements in section 203(3) Employment Rights Act 1996) and that she had an arguable case that there had been a material misrepresentation by Horizon […]

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Testimonials

4.68 Average

69 Reviews

Anonymous

The guidance and assistance I recently received when using Redman's was fantastic. Caroline & Chris were both very informative and understanding walking me through each step. Thank you.

Posted 2 days ago

Nicola W

Fantastic service, very quick and efficient. Thank you

Posted 2 days ago

Anonymous

Excellent professional service.

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Anonymous

As with All solicitors advice without consequence but understood and communicated my legal position

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Anonymous

Prompt, professional and excellent service.

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Dominic C

Excellent service, prompt and helpful

Posted 2 weeks ago

Anonymous

I found Redman’s to be very efficient and got me the best deal available in the short time scale that was available.

Posted 2 weeks ago

Victor L

Very professional. Provided excellent advice on my Settlement agreement.

Posted 2 weeks ago

Anonymous

Professional from start to finish.

Posted 2 weeks ago

Oliver W

Excellent service provided by Redmans, will certainly consider using again.

Posted 2 weeks ago

Melanie H

Very professional and extremely personable service. Thank you very much.

Posted 1 month ago

Anonymous

I found Chris to be very approachable and easy to speak with about complex matters. He took action quickly and his updates to me, as his client, were prompt. I would recommend Chris and the team at Redmans without hesitation.

Posted 1 month ago

Anonymous

Good advice

Posted 1 month ago

Anonymous

Overall happy with the service provided by Chris and Rana.

Posted 1 month ago

Anonymous

Chris and Rana provide a great service, very informed, diligent and care about your result, would recommend Redmans

Posted 1 month ago

David W

A speedy efficient friendly service, I would definitely recommend Redmans Solicitors for processing Settlement Agreements.

Posted 1 month ago

Anonymous

Both Rana and Chris were fantastic. From the first phone call I was confident my matter was in good hands. I was not disappointed. I would highly recommend Redmans. Thank you again for all of your support and advice.

Posted 1 month ago

Federico S

Great advices and communication. Through Redmana I obtained match more than what I thought. Highly recommended

Posted 1 month ago

Tom G

A good and efficient service with the required legal advice provided for a settlement agreement.

Posted 1 month ago

Francis T

The solicitor I used was Chris Hadrill, who I found extremely professional and I felt that he made me feel at ease, considering the subject matter he was assisting me with.

Posted 1 month ago

Anonymous

Chris provided excellent assistance with the negotiation of my settlement agreement. From start to finish, I was consitently updated and advised on the best course of action to take. I would highly recommend Chris and Redmans Solicitors.

Posted 1 month ago