A compromise agreement is usually offered by your employer to provide assurance that you will not bring a claim against them, thus saving them time and money.
It is a legally binding agreement between you and your employer which states that you will not commence a court or employment tribunal case against your employer. This is usually on the proviso that a sum of money will be paid to you.
Before a compromise agreement can be legally binding you have to receive advice from a independent legal advisor. It is important that the agreement is fair and that you receive the correct amount of compensation. We can help you to ensure that this is the case.
The agreement will include:
- Any payments to be made and when
- Claims which are being settled
- Guarantees that there will be no future litigation
- Details of any agreed reference
- Confidentiality
- Restrictions upon your future conduct, employment and use of information
Once the agreement has been signed by both parties and the legal requirements have been complied with, the agreement is legally binding.
If you need advice about an employment matter,
contact Legal Advice Helpline on 0845 600 6980 to speak to one of our specialist advisors about employment law.