Summary of the law on settlement agreements
This booklet provides an overview of settlement agreements, explaining how these legally binding contracts are used to bring an employment relationship to an end while requiring employees to waive most of their legal rights to pursue claims against their employer.
It outlines the key requirements for a valid agreement, including the need for independent legal advice, and highlights the types of rights typically given up, such as claims for unfair dismissal, discrimination and contractual entitlements.
The guide also explains common terms relating to notice pay, redundancy, references and tax treatment, while emphasising the importance of fully understanding the financial and legal implications before signing and seeking timely professional advice.
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