Settlement agreements are legal documents that are commonly used to resolve disputes or claims between employers and employees. They usually involve the employer making a payment to the employee in exchange for the employee agreeing not to pursue any further legal action against the employer.
If you need assistance with a settlement agreement, it's advisable to consult with Jacobs Legal’s settlement agreement solicitors who specialise in employment law. They can provide you with legal advice on the terms of the agreement and ensure that your rights are protected. Jacobs Legal settlement agreement solicitors have 20+ years experience in dealing with these cases and a 5 star rating reputation and track record in the field of employment law. Book your appointment with our settlement agreement solicitors for legal advice.
A Settlement Agreement is a legal document which Employers give to Employees, documenting the termination of employment.
Usually, your employment will terminate on a
specific date (called the Termination Date) and you’ll be paid your salary up until that date.
You’ll also usually receive a Compensation Payment (sometimes called a Termination Payment, or an Ex-Gratia sum).
The Law requires employees to receive independent legal advice from a Solicitor before the settlement agreement can become a legally binding document. This is so that you fully
understand the terms and consequences of signing a settlement agreement.
Our task as your solicitor is to advise you whether you have any claim against your employer, claims such as:
We will take time to understand the facts and circumstances leading up to you being handed a
Settlement Agreement. Often we see clients who are currently off work with work-related stress due to these circumstances. They can be due to a new manager or being put under a performance review/capability procedure, or they can be as a result of disciplinary.
Jacobs Legal will then advise you what those potential claims might be worth in an Employment Tribunal and then together we can decide whether you should sign the Settlement Agreement or not. We are often instructed to negotiate the Settlement Agreement by seeking additional compensation or making changes to the wording of the agreement.
Nothing, because your employer usually contributes to legal costs and your costs with us are usually no more than that figure. It’s usual for the contribution to be at least £350.00 plus VAT but don’t worry if it’s not, we can still assist.
For more complex matters or higher value settlements, the fee can be £450.00 – £600.00 plus VAT.
We only work on the basis of fixed fees – so the fee will be agreed with you before you ask us to work on your behalf.
Jacobs Legal is a trademark of Jacobs Legal Limited, a limited company registered in England and Wales (CRN: 09111004). Jacobs Legal does not provide legal advice. Jacobs Legal is a consultant practice of Nexa Law Limited, a limited company registered in England and Wales (CRN: 10209198); www.nexa.law and which is authorised and regulated by the Solicitors Regulation Authority under SRA no: 633024
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