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What is a settlement agreement?
If you are unhappy at work and you are unable to resolve your differences with your employers, you may decide to reach a financial settlement
A settlement agreement is a legally binding contract that you and your employer enter into voluntarily.
The purpose of a settlement agreement is to ‘settle’ any differences you have had with your employer and will usually include a financial payment and some other non-financial benefits (for example, a work reference and sometimes more).
Ultimately it is an agreement to formally conclude your employment.
Probably the biggest advantage for you is the opportunity to leave your employment on favourable terms. However, when you sign the agreement, you will give up your right to an employment tribunal and any employment claims that you might have had against your employer.
Read our settlement agreement guide
Get all the important information you need to know and tips on how to negotiate your settlement with your employer.
Our clients are from a wide variety of backgrounds
Monaco Solicitors is the biggest employment law specialist firm in the UK representing individuals only – never the employer
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