We advise business and individual clients throughout England and Wales – and financial institutions throughout the world – on effective compromise agreements.
A compromise agreement is a settlement between employer and employee in which the employer agrees to pay a sum of money in return for the employee’s agreement not to take legal action against the employer.
It is a clean break agreement, which will usually be in full and final settlement of any claim against the employer. You would usually be expected to keep the terms of the compromise agreement secret from other people and the agreement may also include restrictive covenants.
As part of the legislation that created compromise agreements (section 203 of the Employment Tribunals Act 1996) there is a requirement for employees to get legal advice from a ‘relevant independent advisor’ before signing the agreement. All of our employment solicitors are ‘relevant independent advisors’ for these purposes.
We can advise you by phone, by email or in person. We are happy to provide rapid professional advice if you have already been offered a compromise agreement and can negotiate terms on your behalf.
Your legal fees for our work will usually be paid for by the employer as part of the agreement. If the situation is particularly complex we will quote for our charges in advance, so that you are always aware of any potential cost to you.
Please call our dedicated Employment Hotline for any advice or information on employment-related matters.
+44 (0) 20 7429 3906 — Lines open 9am–9pm — 7 days a week