In this 12-part series, we’ll break down the component parts of what a settlement agreement is, how it is structured and how it is put into effect. We will explore - in bite-sized instalments - how a settlement agreement works and whether it is right for the employee and employer.
Settlement agreements are commonly used in employment matters to resolve disputes and bring an end to employment relationships on mutually agreed terms. They are useful in a variety of situations, including:
Overall, settlement agreements provide a way to resolve disputes quickly and efficiently, with minimal disruption to the business and with less cost and uncertainty than going to court.
If you have any questions concerning a settlement agreement, please contact Noel McNicholas on 01926 887700 or noel.mcnicholas@thomasflavell.co.uk.
Our blogs and articles are not meant to serve as legal advice for any specific issue. The author assumes no responsibility for the accuracy of the content or any consequences that may arise from relying on it.