We can provide you with tactical support and guidance on instigating a protected conversation also known as an “off the record chat” with an employee with a view to achieving a desired outcome.
If terms can be agreed, we will then assist you with drawing up a settlement agreement for the consideration of your employee. In order for the agreement to be legally binding, the employee will need to obtain advice upon the terms and effect of the agreement from their own solicitor. The established practice is for the employer to pay a contribution towards the employee’s legal costs in obtaining that advice. There is no prescribed contribution amount, but the current practice is for employers to contribute in the region of £300 to £500 plus VAT.
If you are an employee or director looking to negotiate agreed terms of exit or if you have been offered a settlement agreement that you want explained to you in plain English by your own solicitor, we are happy to help.
Our experts will support you through the process to ensure that you fully understand your rights and, most importantly, if you are getting a good deal. If you are unhappy with the terms, we can provide you with tactical negotiation advice or negotiate on your behalf with your employer.
Complementary initial consultations with our specialist employment lawyers are provided with no obligation to proceed.
Click here to read our brief guide on settlement agreements.
Concerned about non-disclosure agreements and confidentiality clauses?
Click here for our myth busting article on NDAs.