FAQ’s
A compromise agreement is a contract between an employer and an employee used to terminate the contract of employment. Compromise agreements are used most often in redundancy situations or in disputes between employee and employer.
They are designed to make a clean break, so that in exchange for a sum of money, the employee signs away their right to sue the employer. Because they give employers the certainty that they will not be sued, compromise agreements provide for a sum of money to be paid which is in excess of the statutory minimum.
The law lays down certain minimum requirements including that a compromise agreement must be in writing, and that it must be subject to independent advice from a solicitor. That advice is paid for by the employer – this is written into the compromise agreement itself. This is designed to ensure that you understand that you are giving away your right to claim in a tribunal.
Want to find out about how to get a compromise agreement?
- Call us on 0800 533 5134;
- email us on us info@compromiseagree.com
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