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Compromise Agreements |
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What is a compromise agreement?
A compromise agreement is an agreement under the Employment Rights Act 1996 where an employee gives up his statutory rights against an employer in return (usually) for a termination payment. In order to be valid the employee must receive independent legal advice on the terms and effect of the agreement.
For employees, we advise on the terms and effect of the compromise agreement (sometimes referred to as a “severance agreement”, "settlment agreement" or "termination agreement") and whether they are giving up realistic claims against their employer. We willl give employment law advice on the redundancy or potential unfair dismissal claim and establish whether fair procedures have been followed. Usually the employer will pay the costs for the employee. We try and ensure that our service is swift, constructive and thorough and often for a fixed fee.
For employers we will draft the agreement and oversee its negotiation. We are willing to agree to agree fixed fee or capped fee legal advice in this regard.
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"CBG helped me deal with my compromise agreement earlier this year. Their ability to explain the legal proceedings and possible outcomes were extremely helpful. They worked well to the time constraints set and produced documentation which resulted in a quick and satisfying conclusion. I would be happy to recommend CBG to others who find themselves in a similar situation and require legal counsel."
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| Craig Gohil |
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"very receptive and welcoming over the phone and certainly willing to help”
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| Javier Perez Bujia |
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"Thank you so much for helping me with this horrible situation... Your role was capital for me in the final stage of resolving the compromise. Your support and expertise have been more than appreciated."
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For further information on Compromise Agreements please contact a member of our Employment department:
