Our business solicitors in Liverpool are extremely detail-oriented and will take into account your wants and needs before any decisions are made – helping guide you through the stages required to sell or purchase a business in a step-by-step manner.
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Eager to discuss your settlement agreement with specialist settlement agreement solicitors in Liverpool? Give our Liverpool office a call today on 0151 268 1898.
You can also get in touch to receive a free, no-obligation quote by sending your enquiry via email to info@fjsolicitors.co.uk or filling in the contact form below.
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Visit our Liverpool settlement agreement solicitors
No matter where you, or the business you’ve received a settlement agreement from, is based in the city, you can rely on our Liverpool settlement agreement solicitors to guide you through the entire process with ease.
Prefer to discuss your settlement agreement terms in person? Visit our Liverpool office at:
Regus,
Horton House,
Exchange Flags,
Liverpool,
L2 3PF
What is a settlement agreement?
Also known as compromise agreements, settlement agreements are legal documents that an employer might give to an employee when they want them to leave the company or take voluntary redundancy.
These agreements are often used to prevent an employee from making or progressing with any claims against the employer. Each settlement agreement will have its own terms and details, but they typically involve the exchange of financial compensation in return for the employee leaving the company.
Once you’ve been given a settlement agreement, you’ll have three options available to you – agree and sign the document, negotiate, or reject the settlement agreement.
Agree and sign
Agreeing and signing is the easiest option and is often entered into because the agreement is either satisfactory or you don’t have any claims to made against your employer.
However, one of our Liverpool settlement agreement solicitors will still advise you accordingly to ensure that you understand the circumstances surrounding the termination of your employment, the terms of the agreement, and exactly what you’re signing.
Negotiate
Unhappy with the terms of the settlement agreement? Our Liverpool settlement agreement solicitors may advise that the termination package offered by your employer is not satisfactory or that the agreement has not been worded correctly.
As a result, negotiation may be considered to seek a more favourable settlement. We can help you with seeking:
- A larger sum;
- Additional benefits; and/or
- Amendments to the wording of the agreement.
Reject the settlement agreement
After receiving advice from our settlement agreement solicitors in Liverpool, you may want to reject the agreement completely.
While rare, we may advise that you take this step if the breaches of employment law are very serious, such as serious discrimination, and the termination package offered by your employer is completely insufficient in compensating you.
Option 1 – Agree and sign the Settlement Agreement
This is, of course, the easiest option. Our expert and experienced settlement agreement solicitors in Liverpool, advising you upon your Settlement Agreement may legally advise upon the document and suggest that you sign the same. This advice may be provided for many different reasons but, generally speaking, it is because you either do not have any claims to be made against your employer (for example, unfair dismissal) or because the money that has been offered by your employer will compensate any claims you have satisfactorily.
Before signing the Agreement, one of our specialist Settlement Agreement lawyers will take the time to advise you to ensure that you understand the circumstances surrounding the termination of your employment. The solicitor will also talk you through the terms of the Agreement so that you understand exactly what it is you are signing.
Our Settlement Agreement solicitors in Liverpool can also sign the advisor’s certificate to confirm that you have been provided with independent legal advice. Thereafter, our employment law team can arrange for the Agreement to be sent to your employer for them to sign (if they have not already done so) and they will also be invoiced for payment in the usual way.
Option 2 – Negotiate
It could be that one of our employment law and Settlement Agreement solicitors advise that the termination package offered by your employer is not satisfactory or that the Agreement has not been worded correctly. In those circumstances, we may suggest that we negotiate the offer with your employer. It is also entirely possible that you may have already decided before seeking advice that you wish to negotiate and seek a more favourable settlement before receiving advice.
Amongst other things, our dedicated team of settlement agreement solicitors in Liverpool can assist you in seeking:
- A larger sum;
- Additional benefits; and/or
- Amendments to the wording of the Agreement.
Once further negotiations are entered into, your employer might agree and produce a new document for you to sign, reject your request but make a counteroffer with alternative figures/offers, revert to us and confirm that the offer is non-negotiable or withdraw the Agreement altogether; however, it is rare for an employer to withdraw the Agreement completely. We can, of course, provide you with expert advice concerning the response/offer your employer reverts to us with.
Option 3 – Reject the Agreement
It could be that once you have received legal advice from our Liverpool employment lawyers, you decide to reject the Agreement on the basis that this is the best option for you; however, this is rarely a step that ought to be taken. We will usually only advise that you take this step if the breaches of employment law are very serious and the termination package offered by your employer is completely insufficient in compensating you. It is usually reserved for serious discrimination claims.
If you choose to reject the Agreement and new terms cannot be negotiated and agreed with your employer, the next step would be to instruct a lawyer from our employment law team to bring an employment tribunal claim against your employer. We can also assist you in going through ACAS and their early conciliation service to achieve a cost-effective settlement if at all possible.
Next Steps
Once you have received the draft Settlement Agreement from your employer, the first step you should take is contacting one of our expert settlement agreement solicitors in Liverpool to provide you with clear and comprehensive advice as part of a free initial consultation.
Speak to our Liverpool solicitors today to find out how Freeman Jones Legal can help you with settlement agreements or call the Liverpool team on 0151 268 1898
.
Our settlement agreement solicitors will help you get the best financial outcome.
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