Employment : Compromise Agreements
Employers often use compromise agreements when terminating the employment of one or more of their Employees. They are appropriate for most dismissals including redundancy. Employees usually receive an enhanced payment from their Employer in return for compromising their potential claims in the Tribunal.
We regularly advise both Employers and Employees in relation to the negotiation, drafting and conclusion of compromise agreements. If you are an Employer they are useful to introduce additional obligations on your Employee relating to confidentiality and competition. If you are an Employee, you need to be advised whether a compromise agreement is appropriate and usually your Employer will pay your legal costs of any advice we give. If you want to discuss any employment matter, please contact Adam Marham.
