Settlement Agreement Solicitors in Reading
We are a specialist team of Settlement Agreement solicitors based within a short distance of Reading. Having accumulated over 30 years experience we are experts in our field and have helped clients in Reading and the surrounding areas to achieve the best results when negotiating the terms of their Settlement Agreement.
The employment solicitors at Settlement Agreement Services are committed to delivering a reliable service and working hard to gain the very best deal for you and your exit package. If you would like to hear more and find out how we can help, please contact us today for a free consultation.
If you would like a face to face meeting in person, we are within easy reach of Reading. We are also able to offer a remote Settlement Agreement service so distance isn't an issue. Please simply be assured we will work with you to achieve the best outcome at the end of your employment.
What is a Settlement Agreement, and do I really need a Solicitor?
A Settlement Agreement (previously known as a Compromise Agreement) is a legally binding document drawn up between an employer and an employee when employment is terminated for whatever reason. The terms set out in the Settlement Agreement will cover any payments due and ensure a fair outcome for all parties.
The employer will, in most cases, cover the costs for using a Solicitor for your Settlement Agreement, so as an employee, it is in your best interests to consult a specialist solicitor.
Often known as severance pay, the employer will agree to pay the employee an amount of money, ensuring redundancy pay, holiday pay, and any entitlement to bonus or benefit schemes are properly settled. Once the Settlement Agreement has been finalised and signed, the employee can no longer contest the figure owed or enter into legal proceedings.
Under current UK employment law, employers do not have to provide a Settlement Agreement. If you aren't offered one in the first instance, ask your employer or HR department to provide one. Next you should consult a reputable specialist Settlement Agreement Solicitor to receive legal advice you can trust. For a Settlement Agreement to become a legally binding document, you need a fully qualified employment Solicitor and both parties need to have signed it.