Settlement Agreements in South Wales
Are you employed in South Wales and looking for a solicitor to give you legal advice on your settlement agreement? Harding Evans, Newport have a team of employment experts that can help you achieve the right outcome.
Our experience will assist you in handling the process in the best possible way. Normally, a ‘protected conversation’ needs to take place. We will help script that conversation and ensure it takes place in a proper manner.
The Agreement must be in writing and, before it is binding, and you must have taken independent legal advice as to its content. We can offer you access to our standard document and help draft a bespoke Agreement to your specific needs.
Having a properly drafted Agreement means that you can ensure that you achieve exactly what you set out to achieve.
In the event that your terms are rejected, we can also assist you with further negotiations and provide you with a comprehensive risk assessment of not getting an Agreement signed, as well as advice on commercially viable settlements.
If you have received a Settlement Agreement (formerly known as a Compromise Agreement) from your employer you should call us immediately for a no-obligation discussion. We can explain clearly your rights and help you to protect them.
What is a Settlement Agreement?
A Settlement Agreement (formerly known as a Compromise Agreement) is a written document used to record the terms by which your employment position changes or comes to an end. Until the end of July 2013, these agreements were known as “Compromise Agreements” and you may still find yours referred to in this way.
Settlement Agreements are proposed for a number of reasons. Often they arise from redundancy situations or even following disputes with your employer. They can arise from amicable discussions or out of the blue.A Settlement Agreement is a powerful document which once signed, limits your rights in employment law; usually in return for a financial settlement or other benefits. The law protects you from signing away these legal rights before you properly understand them, by requiring you to take independent legal advice in order for the agreement to be binding.
The financial settlement offered must be right for your circumstances. If the terms appear unfavourable, we will negotiate with your employer and fight for a better deal. The important thing is that you get early, clear advice.