We provide Legal & HR advice to protect and support your business.

What is a settlement agreement?
Settlement agreements came into effect on 29 July 2013, essentially replacing ‘compromise agreements’. A settlement agreement is a legally binding contract that can be used to bring the employer-employee relationship to an end.

The settlement agreement aims to bring the employee-employer relationship to an amicable and mutually acceptable conclusion. Typically, this is done by waiving your rights to bring a variety of claims covered by the agreement to an employment tribunal or a court, in exchange for receiving some level of financial compensation in return. It is worth noting there are some rights that cannot be waived, such as the right to bring a claim for personal injury and your pension.

Where the ACAS Early Conciliation process has started or tribunal proceedings have begun, a COT3 agreement will be used instead. This is issued by ACAS and is very similar in effect to a settlement agreement. Contact us for further guidance on COT3 agreements.

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“I am extremely grateful for the support I received from Anita during a very difficult time with a previous employer. It felt I was in a battle, but someone else was fighting that battle for me. Anita had my best interest at heart all the way, I really cannot praise her enough.”

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86-90 Paul Street

Tel: 08008321554
Email: info@klglaw.co.uk

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