What is reaffirmation of a settlement agreement? Reaffirmation of a settlement agreement is signing a second time. A reaffirmation of a settlement agreement is where the employee is required to sign a settlement agreement twice, or to sign a first/main settlement agreement then a reaffirmation or second settlement agreement.  It usually [...]

Settlement agreement tax implications Some of your settlement payment may be free of tax. When you sign a settlement agreement, usually you’ll be agreeing to get some compensation, and other payments, in return for giving up your rights to bring claims against your former employer. Some payments will be taxable, but [...]

Does a settlement agreement have to be confidential? The terms of a settlement agreement will be confidential. Settlement agreements usually include a clause requiring the employer and employee to keep the existence and terms of the agreement confidential. Employers are often particularly keen to ensure that word doesn’t get out about [...]

Settlement Agreement Legal Advice For a settlement agreement to be valid an employee must have independent legal advice. Need a settlement agreement signing off by a settlement agreement solicitor?  QLAW can help, and our same day service and video meets mean you will receive your pay off from your employer ASAP. [...]

When should you consider signing a settlement agreement? A settlement agreement is a binding contract between employer and employee. Settlement Agreements are routinely used with redundancy and other situations where an employee’s employment is being ended and generally it’s fine to sign a settlement agreement. For a Settlement Agreement to be [...]

Can a Settlement Agreement include restrictive covenants? Settlement agreements will often include 'restrictive covenants'. A Settlement Agreement can include whatever terms the parties are prepared to agree to regarding the termination of the employee’s employment, including restrictive covenants, which are also known as post termination restrictions. The question is what the [...]

Settlement Agreement Solicitor Fees Settlement agreement fees should be FREE of CHARGE to you as an employee! Your settlement agreement advice is likely to be FREE OF CHARGE if you are an employee getting advice on a settlement agreement received from your employer.  Although your employment solicitor will charge a fee for [...]

Why have a settlement agreement? A settlement agreement makes sense for both employer and employee. It binds both in law after a job ends and it creates a ‘clean break’. A settlement agreement is used to bind employer and employee to the terms it sets out, and to do so in a [...]

What does a settlement agreement cover? Settlement agreements will cover the terms surrounding your exit from employment like: final pay; compensation; holiday; bonus payments. They may all be as per your employment contract The sorts of questions your settlement agreement are likely to answer might include: have I been offered a reference? [...]

What is a settlement agreement? A settlement agreement is a legally binding agreement between employer and employee following the departure of the employee from their job with their employer A settlement agreement is a legally binding agreement between employer and employee used when employment comes to an end and which protects [...]