Wherever possible, it is better to part on good terms. Compromise Agreements are particular requirement in Employer/Employee relations and the only way to create a legally binding settlement for both parties. To comply with the Law, employees have to receive independent legal advice on the rights they are abandoning and the Employer normally pays a contribution towards the employee’s legal fees.
The beauty of a negotiated settlement is that the parties have agreed to it. A Decision made by an Employment Tribunal is imposed on them, normally after some considerable legal costs and the stress of litigation. Compromise Agreements are not just about the amount of money to be paid they are a form of contract and can be drafted to include special requirements, tailored to individual needs. They offer a chance to look at strategic needs such as: protection of business interests, bonus arrangements and, very importantly, terms which ensure that there is genuine ‘closure’ such as: reputation and reference clauses.
With meeting facilities all around London and across the UK so we can assist employers, individuals or groups of employees looking to negotiate a departure. In many cases we can do this online or by phone.
Our off-site meeting venues near the workplace are ideal for group redundancies guaranteeing the independence of our advice and also minimising disruption in the workplace.
Legal fees: When advising employees, our costs are normally covered by the employer's indemnity.
For more information visit: www.partnerscompromise.com
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