Settlement Agreements London
Settlement agreements offer a way to negotiate the best way to resolve a dispute, while avoiding the risk of future dispute resolution proceedings. If you are an employer seeking assistance with a settlement agreement, please contact an employment lawyer at Scott-Moncrieff & Associates for quick, clear and specialized advice. Also check out our more detailed guide to transaction agreements for employees below: – If a transaction agreement is offered to you, you should consult specialized legal counsel at an early stage under the terms of the transaction agreement. Rahman Lowe`s employment lawyers can advise you on possible claims and negotiate the best compensation package in the circumstances to ensure that the wording of the settlement/compromise agreement is well drafted, so that you are protected and leave your employment relationship with the best possible financial cushion to lead you to your next role. In times of conflict or potential conflict between an employer and a worker, both parties must reach a formal agreement on how to resolve disputes. A settlement agreement is a legally binding document that terminates a dispute or between an employer and an employee or that leads a job to a clear conclusion. With regard to the content of the transaction agreement and its format, the parties must comply with the following requirements: Pension: Where applicable, payments to your pension fund must be maintained until the date of termination and, if a payment is made in place of termination, your employer may be required to continue contributing for an equivalent period, depending on the contrary contractual conditions. If you choose to pay part of the billing amount to your pension, this must be provided for in the settlement agreement, otherwise you may not be able to use the non-taxable nature of the payment in your pension. Once you`ve signed a settlement or compromise agreement, you can`t assert potential claims against your employer.