What is a Compromise Agreement?
A compromise agreement is a legally binding document where usually, in exchange for an agreed sum, an employee waives their right to bring any employment claims against their employer.Although there is no obligation to do so, many employers are offering compromise agreements to employees who they are making redundant to ensure that they will not bring a claim for unfair dismissal against them in the future.
In order to make a compromise agreement lawful an employee is required to seek independent legal advice prior to signing.
If you have recently been offered a compromise agreement or are thinking of offering these to your employees we have significant experience in advising in this area.
Please contact Linda Quinn in our Employment Department for further information.
Linda Quinn
Telephone: 020 7079 2434
Email: lquinn@bishopandsewell.co.uk