Compromise Agreement
COMPROMISE AGREEMENTS ADVISORS CAMDEN – LAWYERS FOR COMPROMISE AGREEMENTS
Compromise agreements do what they say on the tin; they allow employers and employers to come to a compromise following the termination of employment due to redundancy, medical unfitness and numerous issues. Compromise comes in the form of the employee accepting a payment of a sum of money and certain benefits in exchange for a promise that unresolved issues will not be made at an employment tribunal.
Legal advice is a must
Compromise agreements are legally binding agreements that are encouraged by statute law (law made by the government). However, in order to be legally binding, certain key requirements need to be fulfilled. The most important of these in the context of our services is independent legal advice. Stated simply, a compromise agreement will not be valid unless the employee has sort independent legal advice. Whilst legal costs are stereotypically high, most employers will agree to cover legal costs as part of the agreement, meaning there is very little to lose.
What we can do for you
As well as cutting through the statutory legal jargon of the agreement itself and making sure you fully understand the consequences of signing it, we will ensure that you are fully advised on other options available to you. It could be the case that you have a strong legal claim for unfair dismissal and we will of course make you aware of this should this be the case. If you are unhappy with the benefits and amount of money you will receive under the agreement, we will be happy to try and negotiate a better deal on your behalf. In our years of experience, we have generally found that employers are willing to negotiate irrespective of the underlying issue which brought the agreement into existence.
Need advice regarding a compromise agreement in Camden?
If you live in Camden or are employed in the area, get in touch with our specialist compromise agreement solicitors. Our Camden compromise agreement solicitors have years of experience in providing clients with sensible and practical advice and negotiating the best deal possible. As is the case with all our other services, initial consultations are delivered on a no obligation basis and are free. To book an appointment, please get in touch at your earliest convenience.