SUM OFFERED IN A SETTLEMENT AGREEMENT IS NOT REASONABLE

Our expert employment law solicitors will advise you about your rights with respect to the settlement agreement.

The reasonable amount stated in your settlement agreement is based on the following:

a) Service of Employment
b) Have you secure another job
c) Your position in the company

However, as a general rule of thumb, a payment equivalent to six months would be considered a good settlement.

A settlement agreement (previously called a compromise agreement in the UK) is prepared or offered by an employer to an employee who has been offered a redundancy. The settlement agreement sets out your rights and obligations against your employer once you sign this agreement; therefore, you must be careful before signing this agreement, as you surrender all your rights and cannot ever claim against your employer in the future.

SUM OFFERED IN A SETTLEMENT AGREEMENT IS NOT REASONABLE