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About OTS solicitors
OTS Solicitors is an internationally recognised law firm, based in the City of London. We have a wide range of expertise to support business and private clients in all areas of law.
Our Central London Team of Specialist Settlement Agreement Solicitors are experienced employment lawyers and can successfully negotiate the best terms of settlement or compromise agreements on your behalf.
If you require reliable independent legal advice and representation on a Settlement Agreement please contact our London office on 0203 959 9123 or send us a message via our contact form and we will be in touch with you within 24 hours.
OTS Solicitors employment lawyers are consistently successful in advising and negotiating on a range of routine settlement agreements to complex, high value settlement agreements. In July 2013 the government changed the term ‘compromise agreements’ to ‘settlement agreements’. However, in terms of their legal effect, they are essentially the same and require employees and workers to seek independent legal advice.
In summary, a settlement agreement is:
- A Legally binding document that surrenders an individual’s rights to institute legal proceedings at an Employment Tribunal or court to claim any aspects already covered by the agreement
- Usually include payment to an employee and provision of a reference to the employee
- Voluntarily entered into at any stage of the employment
- Must be considered by an Independant Legal Adviser and must be in writing
Why do I need a Settlement Agreement lawyer?
Advice from an independent legal adviser must be received in order for settlement to be reached and for the employee to be aware of exactly what they are signing.
Our employment lawyers will take you through each clause of the agreement and advise you of what the employer is seeking from you before agreeing to compensate you are comfortable with. Our employment lawyers will also negotiate the amount of compensation on your behalf and advise you if the amount being offered is fair.
Our employment solicitors will meticulously consider draft the agreement for you to ensure that all disputes and issues arising out of the termination of the employment contract are resolved and to avoid the need for proceedings to take place in the Employment Tribunal or courts.
What are the benefits of a Settlement agreement for an employer?
The advantage to the employer is the knowledge that the employee will not bring a legal action in the future in relation to any of the issues. The employee will have a enforceable legally binding contract to oblige the employer into settling any sum of money owed to them.
What are the benefits of a Settlement Agreement for an employee?
There are significant benefits to an employee entering into a Settlement Agreement upon termination of their employment contract. The primary benefit is the knowledge that they will have a legally binding and enforceable contract against their employer to pay them the agreed sum of compensation they are owed. There is also comfort in knowing they will not need to face the stress and anxiety that comes with litigation in court or tribunal proceedings, as they will have agreed to all the terms of settlement without the need to resort to the courts.
You should seek the best legal advice on Settlement Agreements at the earliest opportunity. OTS Solicitors employment lawyers will provide a highly experienced team of solicitors with the best professional advice to successfully negotiation terms of compensation for your individual circumstances. Please contact our London office on 0203 959 9123 or send us a message via our contact form and we will be in touch with you within 24 hours.
For a more detailed discussion regarding your case, or to book an appointment with a member of our Employment Law team, please call us now on 0203 959 9123