When you and your employer arrive at an agreement to terminate employment and/or to settle an outstanding claim , you will probably be invited to sign a compromise agreement.
It is an essential part of a compromise agreement that you receive independent legal advice on its terms and effect and your employer will often contribute a sum towards your legal costs. We are often able to quote a fixed cost for providing independent legal advice in such instances, to match this contribution.
We believe that however simple your agreement may initially appear, all agreements warrant our full legal scrutiny. We approach all agreements with a view to understanding properly the circumstances in which they have arisen and giving you accurate and helpful advice on points of further negotiation, rather than simply signing on the dotted line. We believe in adding value to the process through discussion and understanding.
We believe that however simple your transaction may initially appear, all agreements warrant our full consideration.
Particular matters of concern often include ensuring that all contractual payments are properly provided for, that any confidentiality and post-termination restrictions are appropriate and that the taxation of any termination payment is properly identified. Getting things wrong can prove costly. We foster close relationships with local tax consultants and are well placed to arrange for specific tax advice to be provided, in the event of more substantial settlement packages.
If you require independent legal advice in relation to a compromise agreement, please speak with one of our team, who will be pleased to assist you.
We are transparent about our charges and where relevant we are happy to help secure funding under the terms of your legal expenses insurance policy (a possible add-on to your home or car insurance).
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