Settlement Agreement Advice for Employers
✓ Employment Settlement Agreement Experts
✓ Quality legal advice and support when checking and finalising your employee’s settlement agreement.
✓ We are a full-service law firm, able to seamlessly harness broader legal expertise tailored to your requirements.
Employment Settlement Agreement Advice For Employers
If you are an employer seeking to protect your business from potential claims on the termination of an employee’s employment, a settlement agreement may be required.
A settlement agreement (previously known as a compromise agreement) is a legally binding contract prohibiting an employee from bringing legal action against their employer in respect of the employee’s employment and/or its termination.
In return for the employee agreeing not to pursue any claim, the employer will often provide an employee with a financial incentive or severance package.
At Farnworth Rose, our experienced employment law solicitors in Nelson and Barrowford can ensure your business is protected from potential claims by offering the advice you need on settlement agreements.
Settlement Agreements Can Resolve Potential Claims….
Settlement agreements should only be used by employers when there are potential claims to be resolved.
It is essential that any settlement agreement is executed properly. A settlement agreement which is not executed properly may not rule out the risk of an ex-employee bringing a claim at a later date.
This means it is vital for employers to seek expert legal advice when entering a settlement agreement with an employee.
In order to be executed properly, a settlement agreement must:
Be in writing
Relate to a complaint or legal proceedings
State the statutory conditions for a severance agreement have been satisfied
Provide details of the independent legal advisor
Confirm the employee has received advice from the legal advisor on the terms and the effect of the agreement
Ensure Your Settlement Agreements Are Properly Executed….
At Farnworth Rose, we understand that each settlement agreement may have different requirements. Our expert employment law solicitors can ensure that a settlement agreement is the best course of action and that it is executed properly.
A properly executed settlement agreement can save your business significant time and money by protecting you from any potential legal proceedings.
Contact Our Employment Settlement Agreement Solicitors
Offering or negotiating a settlement agreement can be a commercially sensitive and legally complicated process but with expert legal guidance, you can protect your business and bring matters to a close efficiently and fairly. Whether you're dealing with a redundancy situation, a workplace dispute or the agreed exit of a senior employee, our solicitors are here to support you at every stage.
Our experienced Employment Settlement Agreement Solicitors in Lancashire provide clear, strategic advice that helps you manage risk, protect your interests and achieve a smooth, legally sound resolution, minimising disruption to your business.
With over 35 years of experience advising employers across a wide range of sectors, Farnworth Rose is trusted by SMEs, large companies and HR professionals to draft and negotiate settlement agreements with care and precision. We’ll ensure your documentation is watertight, your exposure to claims is limited, and your reputation is safeguarded.
As a full-service firm of Solicitors in Burnley & Nelson, we can also advise on wider employment law matters such as redundancy, disciplinary procedures, grievances, and post-termination restrictions, offering joined-up support tailored to your organisation.
We’re award-winning at what we do. Our employment lawyers for employers are respected across the Northwest for their commercial awareness, legal insight and responsive client service. Our history of success makes us the ideal choice for Employment Settlement Agreement Solicitors in Preston, Manchester, Blackburn, Rochdale and Bolton, as well as across the Pennines in Leeds, Sheffield, Huddersfield, Skipton, Keighley and beyond.
Wherever your business is based in England or Wales, we’re ready to offer practical, cost-effective advice to help you resolve employee exits quickly, lawfully and on the best possible terms.
To speak with one of our team members at Farnworth Rose, call us now on 01282 695 400 or complete the form below, and we’ll be in touch.
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