Thompsons Solicitors has decades of experience helping those who need to sign a settlement agreement (previously known as a compromise agreement). Signing these documents can have a number of implications, so it’s important that you turn to specialists such as Thompsons for expert advice.
Settlement agreements could be proposed to end a dispute, or when a worker’s employment is being terminated. It should be written into any settlement agreement that a worker offered such an agreement should obtain advice from an independent advisor, such as Thompsons Solicitors, before signing an agreement, and that the party with whom the agreement is being made should meet the costs of the worker getting that legal advice.
How Thompsons' trade union solicitors can help
If you have to sign a settlement agreement, Thompsons’ trade union solicitors can assist.
Contact your union representative first to begin the settlement agreement process.
Frequently asked questions about settlement agreements
1. I’ve been asked to sign a settlement agreement – what is it?
A settlement agreement is a legally binding contract used by employers to resolve an employment dispute with an employee.
A settlement agreement sets out the terms and conditions that the employer wants the employee to agree to and sign. In many cases, signing a settlement agreement will see the employee receive a payment, on the basis that by doing so they give up their legal right to start a claim about the issue that is the subject of the agreement.
2. Can I agree to the terms of a settlement agreement on my own?
No. By law, individuals who sign a settlement agreement need to have advice from a qualified lawyer so they know what the document means. Without this, the agreement is not legally binding.
In going through the settlement agreement with you, a legal expert is looking to ensure you are getting a reasonable deal and will advise you on what you should do if you are not.
3. I’m not a union member. Can I still get help with a settlement agreement?
Yes. For more information on how we can help non-union members with settlement agreements, visit our dedicated settlement agreement page on Thompsons Law.
4. How much will this cost?
Costs for settlement agreement services are usually covered by the employer. Our charge will be no more than what the employer contributes.
5. What happens if a settlement agreement is breached?
A settlement agreement is a legally-binding contract, so if the employee attempts to pursue legal action about the issue that is the subject of a settlement agreement, the employer can refer to the agreement in defence. Equally, if the employer fails to pay the agreed funds, the other party can take them to court for breach of contract.
6. Why should I choose Thompsons Trade Union Solicitors?
Thompsons Solicitors has a dedicated Settlement Agreement Unit (SAU) comprising a team of skilled lawyers with a primary focus on helping people get the best deal when it comes to settlement agreements. We pride ourselves on providing clients with a fast and efficient service, finalising even the most complex settlement agreements with the most urgent deadlines.