Employment Law – Settlement Agreements Still on the Increase!
In recent years, there has been a continued increase in settlement agreements (formerly known as compromise agreements) being used when an employment relationship is coming to an end. This is down to a range of factors including, continued economic uncertainty and the fact recent legislation has expanded the circumstances in which such discussions might take place. The fact Employment Tribunal fees have also been scrapped, has arguably led to further increased use of such documents.
From the employer perspective, settlement agreements are useful as they give comfort that no claims will be brought following employment ending. However, from the employee perspective, it is important that a proper assessment is made of the facts and circumstances involved. This is why there is a strict requirement that employee’s seek specialist advice before signing any such agreement.
Macleod & MacCallum’s employment team offer expert advice to employees during what can be a sensitive time. The specialist experience they can offer in employment law means a person’s rights can be properly assessed and any proposal considered accordingly. While such advice may not always result in significant changes, at least the client will know that matters have been properly considered. Some cases are straightforward (including certain redundancy situations) and little or no detailed advice is needed… But why take the risk? Always take advice from an employment law expert who is equipped to advise you fully.
Macleod & MacCallum Employment Team, Euan Smith and Graham Laughton, act for businesses and employees and can be contacted on 01463239393 or email@example.com.