Settlement Agreements – Advice for Businesses
Expert support when managing settlement agreements with employees
A settlement agreement is a legally binding contract between an employer and employee. It agrees certain terms to end the employment contract whilst also settling any claims the employee may have had against the employer.
We work for both businesses and employees on settlement agreements, giving us a strong advantage in experience. If you’re an employee, please see this page: Employee Settlement Agreements.
Our team is well known for their expertise in supporting businesses to protect their interests and while ensuring a fair deal for all.
When should your business consider using a settlement agreement?
Settlement agreements should only be used in situations where there are potential or existing claims and/or workplace disputes to be resolved between both parties. The settlement agreement must be executed properly so that any risk of future claims being made against the employer are removed and the matter can be closed.
Employers shouldn’t rely on oral or email correspondence as a replacement. A settlement agreement is more extensive and seeks to protect the employer from any further claims and tribunals.
Why use Rothera Bray for settlement agreement advice?
We believe it’s essential for your solicitor to have an in-depth knowledge of your business, the environment it operates in, and the circumstances for which the requirement for a settlement have arisen.
Our employment solicitors have experience advising employers across many sectors, including: retail, leisure and hospitality, transport, marketing, communications and construction.
Our team can help at every stage of the process:
- the initial stages of advising on whether a settlement agreement is necessary
- negotiation of the contract terms, and
- preparation of the settlement agreement to bring your matter to a full conclusion
Employment expertise is particularly beneficial throughout the negotiation process. It can result in cost saving benefits where you are seeking to prevent the other party’s solicitor needlessly inflating the settlement value for their client.
Where we can help your business with settlement agreements
We’ve helped many businesses to resolve employee issues efficiently and amicably.
We can:
- help your business at every step of the settlement agreement process
- advise on whether a settlement agreement is the right course of action for your situation
- draft the settlement agreement ensuring that restrictive covenants – agreements that protect ex-employees from working with competitors, taking business contacts or work away from your business and/or taking employees – can be enforced where necessary and your business remains protected
- liaise with the other party’s solicitor on your behalf to negotiate the amount offered on the settlement agreement
- advise on stipulations to be put in place to prevent any future litigation claims
- advise on future policy, training or contract drafting to avoid similar circumstances in future
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Keep our employment law team on retainer
We offer bespoke retainer packages, tailored to your individual business needs.
At Rothera Bray we don’t believe that ‘one size fits all’ when it comes to ensuring you have the right support in place to grow your business. Our retainer packages are like having your own, specialist, in-house employment law experts at the end of the phone. Our solicitors are on hand when you need us, offering commercial and robust advice based on your business requirements and goals.
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We work hard to get your business the best-possible outcome to the settlement agreement process.
