What is a reasonable Settlement Agreement?
What is a reasonable settlement agreement depends entirely on your particular circumstances: your position; length of service; your contract of employment; perhaps your employers redundancy policy; and many other factors. Our expert settlement agreement solicitors will advise you on an individual basis whether the financial element of your settlement agreement is fair or not.
What if I refuse a Settlement Agreement?
If you refuse a settlement agreement you are likely to also lose out on any financial package being offered by your employer.
Do I have to sign a Settlement Agreement?
To be legally binding, the settlement agreement must be:-
- Employer signs
- Employee signs
- Solicitors certifies that they have advised the employee
Is a Settlement Agreement a good idea?
A settlement agreement creates a ‘clean break’ for both employees and employers and to that extent is often thought to be a good idea for all concerned.
Do I need a Settlement Agreement Solicitor?
As an employee, you must receive advice from an employment solicitor who must certify that they have advised you on the content and impact of the settlement agreement, and ‘sign off’ the settlement agreement to that effect. Without that input from an employment lawyer, the settlement agreement will NOT be legally binding.
What’s the difference between a Compromise Agreement and a Settlement Agreement?
Compromise agreements were the old form of what is now called a settlement agreement. Compromise agreements were often used with ‘problem’ employees when exiting them from a business, and to that end they had
How much does a Settlement Agreement cost?
An agreed settlement agreement (ie you do not require your solicitor to negotiate further on the terms being offered to you) is likely to be in the region of £250-£750 plus VAT depending on your circumstances (seniority, length of service, settlement figure).
A negotiated agreement (ie your settlement agreement solicitor is actively in negotiations with your employer obviously takes much more time, and this would be reflected in the cost. Your employment law solicitor will agree any costs with you BEFORE you are committed to using their services.
Who pays for a Settlement Agreement?
The good news however is that, however much a settlement agreement costs, the solicitors fee is usually paid for by the employer! So, to you as the employee, the cost of a settlement agreement should be zero/FREE!
Your solicitor will discuss and agree all of this upfront before you are committed to any legal fees.
How do I get my Settlement Agreement signed by a Solicitor?
With QLAW getting your settlement agreement signed off by one of our employment solicitors could not be easier. Simply CLICK here, and then leave it to us. We will need a digital copy of the agreement, ID for you, and contact details for your employer. We arrange a zoom meeting to run through it with you. And boom – done! We can usually deal with it for you within 1 working day!
How long does it take to get a Settlement Agreement signed off?
We try to get everything done for you within 1-2 working days. That (obviously) assumes that your settlement agreement is not contested, and so there will not be a need for us to be in negotiations with your employer.
How do I choose the best Settlement Agreement Solicitor?
When it comes to choosing a settlement agreement solicitor, we reckon some of the important things to think about include:-
- Employment solicitor specialist
- Solicitor Reviews – check out our Trustpilot reviews
- Service levels – how long will it take to get your settlement agreement signed
- Convenience – will you have the faff of things like getting copy passports to a solicitor? QLAW can offer you biometric ID on your mobile (like internet banking)
- Settlement Agreement Solicitor near me – we reckon that convenience is now something quite different to being near to where you live or work. QLAW was one of the first ever fully paperless law firms (2008!) and we have embraced the very latest in IT ever since. It means we can offer our employment law clients the epitome of convenience – wherever they are in the UK.