Our philosophy is to provide practical legal advice with a commitment, wherever possible, of continuity of advice from the same lawyer throughout.
We specialise in Compromise Agreements and can provide advice to both Employers and Employees.
Compromise Agreements
If you have been offered a Severance Package or Compromise Agreement
Please contact us today on 0115 959 00 55 to speak to Robert Oates or Natalie Spencer.
Or via email - employmentadvice@sharpandpartners.co.uk
Compromise Agreements can be en effective way of resolving a variety of employment-related disputes and can provide an effective way of avoiding legal proceedings and the consequential time and costs of doing so whilst providing the employee with a severance package.
- Compromise agreements are legally binding written agreements where an employee accepts compensation from his/her employer in return for sacrificing potential claims which could otherwise be pursued through an Employment Tribunal.
- The package can also include the provision of an agreed reference and a warranty from the employer to confirm that they will not deviate from the essence of that reference when approached for references in the future and terms requiring the employee and employer to keep the terms of the agreement confidential.
- The employee must seek independent legal advice before entering into a Compromise Agreement. Our specialist Solicitors can provide this advice and will discuss with you in detail all potential employment-related claims which you may have before you decide whether to enter into the Compromise Agreement.
- The employer normally pays most if not all of our costs. If our costs are likely to exceed the employer’s contribution then we will provide an estimate of how much our costs are likely to be at the earliest opportunity.
- We can advise you on whether payments made pursuant to the terms of a Compromise Agreement are likely to be taxable and can suggest steps to take to make the payment as tax efficient as possible.
- When advising you, we will need to see your Contract of Employment. If there is a term within your Contract of Employment entitling your employer to pay you in lieu of notice then it is likely that that element of the severance payment will be taxable.
- We can also provide you with detailed advice on the enforceability of Post Termination Restrictive Covenants contained within your Contract of Employment and/or Compromise Agreement and how they will affect you once your employment has come to an end.
If you would like to discuss a Compromise Agreement with us then please contact one of our specialist Solicitors – Robert Oates or Natalie Spencer - on 0115 959 00 55.
Contact us on 0115 9590055 or via email at employmentadvice@sharpandpartners.co.uk.
We can also provide advice in relation to the following : -
- Unfair and wrongful dismissal
- Redundancy
- Contracts of Employment
- Discrimination
- Non-payment of wages
- Employment Tribunal Claims
- Post Termination Restrictive Covenants
- Compromise Agreements
- TUPE Regs - Employer selling business ?
Employment matters are time critical as Employment Tribunals impose strict time limits.
For instance claims for unfair dismissal must be lodged within three months, less a day from the date of dismissal.
Possible funding options include : -
- Fixed Fee
- Agreed hourly rates
- Agreed fixed budget
- 'No Win, No Fee'
- 'Pay as you go'
- Legal Expenses Insurance
If you require any advice or further information on Compromise Agreements, Redundancy, Unfair Dismissal or any of the the above mentioned areas then please do not hesitate to contact us.
Sharp and Partners Nottingham are also specialists many other areas of law, please visit our website - http://www.sharpandpartners.co.uk/ or contact us on 0115 9590055 for further information.
