If you have reached an agreement with your employer to terminate your employment then you may be asked to sign a settlement agreement. This may arise in circumstances such as voluntary redundancy, early retirement or dismissal. Settlement Agreements used to be called Compromise Agreements and still may be referred to as such.
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It is very important that you take independent legal advice before signing a settlement agreement (be it a voluntary redundancy settlement agreement or a dismissal settlement agreement) in order to look at the implications and understand the effect of signing such an agreement.
The team at Beecham Peacock are able to give you comprehensive employment law advice and ensure that you do not miss out on any entitlement, or agree to a term that you should not. Better still, it is customary for your employer to pay the cost of this settlement agreement legal advice so you do not have to.
Contact our Newcastle office today on 0191 232 3048 for more information about settlement agreements.
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