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Compromise Agreements

Compromise Agreements

If you have been offered a compromise agreement by your employer as a way of terminating your employment, Selachii can help.

Compromise agreements, which are also known as settlement agreements, are legally binding contracts. They are a way for employers to bring a member of staff’s employment to an end in return for a sum of money – a severance payment.

By signing a compromise agreement, you are giving up your right to make a legal claim against your employer in the future so it is essential that you seek proper advice from an employment law specialist.

Our friendly and approachable team of expert solicitors will offer you independent advice on your situation and will negotiate on your behalf to make sure you are properly compensated for the loss of your job.

As a boutique law firm based in Notting Hill, London, we take time to deal with all our clients as individuals. We understand losing your job can be a difficult and emotional time so our experienced employment law specialists will listen to what is important to you and carefully guide you through your options.

Our informal and personal approach will put you at ease and help you decide the best way to move forward. All our advice will be tailored to your unique situation and can help you avoid a complicated and expensive employment dispute further down the line.

Our employment law team in London has experience of helping employees at all levels of their career receive the best financial deal possible in their situation.

At the moment a settlement agreement is the only way a company and its staff can legally opt out of the rights granted by UK employment law. Compromise agreements can range from simple routine settlements which have been pre-agreed by both parties to complex and potentially contentious deals involving a series of payments and share options.

Employment disputes can be costly and take a long time to resolve and there are no guarantees that a tribunal will find in your favour. Compromise agreements are a way of securing compensation for losing your job without the emotional distress and expense of making a formal claim. Another benefit is that the money paid to you as part of a settlement agreement is tax-free up to £30,000.

If you have been offered a compromise agreement by your employer, get in touch with Selachii as soon as possible to find out how we can help you. Make an appointment with one of our specialist solicitors at our office in London and we can help make the process as simple and pain-free as possible.

In most circumstances, your employee will cover the cost of seeking legal advice so there is no reason not to get the best advice you can to help safeguard your future.

To speak with a solicitor call 02077925649 or email info@selachii.co.uk

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