Compromise Agreements are legally binding agreements which enable an employer to terminate an employee’s employment by way of the employee “contracting out” of their employment law rights. The employee will usually receive a payment from their employer in return for waiving such rights and claims that they either have or may have against their employer.
An employee must take independent legal advice from a solicitor on the terms of a Compromise Agreement in order for the Agreement to be binding.
If your employer offers you a Compromise Agreement it’s vital that you receive detailed and expert legal advice in respect of its contents and in respect of all other possible claims that you may have against your employer and in respect of the consequences of you entering into a Compromise Agreement.
Our team of solicitors can negotiate any offers of payment made to you, ensuring that you achieve the best possible outcome.