A settlement agreement is a legally binding agreement that makes amendments to an employee’s contract.
It is usually used to terminate an employment contract but can also be used to settle disputes or in cases of voluntary redundancy. More often than not, a settlement is used to end employment quickly, without needing to go through the usual notice period.
Our specialist employment law team can provide the legal support you need, guiding you through the settlement agreement process carefully and reliably.
How we can help
Our skilled team of employment law experts have years of experience in drawing up settlement agreements to protect our clients’ interests.
We can draft you a comprehensive, bespoke settlement agreement, including the following key clauses:
- Waiver
- Notice period
- Payments
- Confidentiality clause
- Restrictive covenants
- Reference
- Warranty
- Payment for legal advice
- Tax indemnity
We’ll work on your behalf to secure the best possible outcome.
Settlement agreement payments
The payments made as part of a settlement agreement are usually tax-free up to the first £30,000. However, it must not include any standard pay, holiday pay, or pay in lieu of notice as this is taxable.
Why Ackroyd Legal?
We’re committed to delivering the highest level of service, alongside honest, sensitive, and professional advice. Our job is to make your life easier, at every stage of the settlement agreement process. We’re ready to help you with any aspect of employment law.
Here are just some of the reasons to choose Ackroyd Legal for your settlement agreement requirements:
Employment Law experts
As employment law solicitors, we have a wealth of experience and expertise in a diverse range of issues. We can offer cost-effective, pragmatic advice to secure the best outcome for you.
We put you first
From the moment you get in touch, we put you first. Our skilled and experienced team of legal experts will work hard to find the best solution for you and deliver the best possible outcome.
Fixed fees
When you work with Ackroyd Legal, you pay a single, fixed fee. There’s no hidden costs or unexpected charges. We’ll provide you with a fixed quote before we start work and ensure you understand exactly what you’ll be paying, and what you’ll receive in return.
Communication is key
We listen to your needs, and we keep you in the loop at every stage of the process. When you work with us, you’ll be introduced to your own case handler, who will ensure are kept informed. They’ll always be on hand if you need them.
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