An individual cannot contract out of their employment rights, except when a settlement is reached by way of a Settlement Agreement (previously known as a Compromise Agreement).
A Settlement Agreement is commonly used when there is a dispute that either one or both parties feel cannot be resolved or when an employer has failed to follow a relevant legal obligation which exposes the business to the threat of tribunal proceedings. If signed, the employer and the employee waive their respective rights to bringing any future claim against each other.
Our Settlement Agreements are fully compliant and are tailored to suit the needs of your organisation, to protect you and your business.
Employer’s that want to explore the option of a settlement agreement should contact an adviser at Laveer and have your FREE consultation to discuss and explore your options with a legally trained adviser.
How do I approach the possibility of a Settlement (Compromise) Agreement with an employee or employer?
For answers to this and other essential do’s and don’ts please download our helpful pdf – Settlement Agreements (opens in new window)