Compromise Agreement for Employers Bromley
If you are finding yourself in one of the following situations, the best solution may be to consider a ‘clean break’ and offer the employee a compromise agreement.
You are making an employee redundant?
You are otherwise contemplating dismissing the employee. There is, or there will potentially be a dispute between you and the employee, whether in the form of an internal grievance or a Court or Employment Tribunal case. What are the standard terms in a Compromise Agreement?
In addition to clauses about payment terms and references, compromise agreements usually contain terms preventing one or both parties from making disparaging statements about the other. Compromise agreements also often require the employee to keep the compromise agreement confidential. Often, employers will ask that the employee provide an indemnity against any tax payable on the compensation sum.
What if an employee decides to bring a claim in an Employment Tribunal?
If you or an employee decides not to enter into a Compromise Agreement, we can act for you in the Employment Tribunal. We have substantial experience in acting for clients in Employment Tribunal claims on a range of matters including unfair dismissal, complex discrimination claims, whistle blowing claims, redundancy pay, breach of contract and unlawful deduction of wages.
Who pays for the advice on the Compromise Agreement?
Usually, the employer offers to contribute a sum towards your employee’s legal costs but we can discuss this further with you and explore all options available. The employee must be required to take legal advice prior to signing the agreement.
Are you an Employer? Contact us about Compromise Agreements Bromley
If you are an employer and thinking about offering a Compromise Agreement, or have any other employment related legal concern please do not hesitate to Contact Us today. We have many years of experience in advising large and small employers. We offer a first-rate, personal and cost-effective service.