Settlement Agreements – Consult the legal experts

Sponsored Content

The devastating impact of the Coronavirus on the economy and the damaging effect it has had on UK businesses cannot be overstated. With many companies continuing to experience a downturn in business, employees are beginning to fear the threat of job losses in the coming weeks.

Paul Crowley, Managing Director, Paul Crowley & Co

The Government’s Job Retention Furlough Scheme, which has safeguarded many employees from losing their jobs, is being replaced at the end of October by the Job Support Scheme.

With companies facing an increased uncertainty, the possibility of thousands of employees not returning to their place of work when the Job Support Scheme starts on November 1st, is a very worrying concern and a real prospect for many.

Paul Crowley, Managing Director of Paul Crowley & Co solicitors says: “From November, employers will be faced with the difficult challenge of managing their workforce against their current workload with many employers left with no choice other than to release their staff with a negotiated settlement agreement.”

What is a settlement agreement?

A settlement agreement is a legally-binding contract between an employer and an employee usually at the termination of their working relationship.

Often a settlement agreement is used at the time of redundancies, but they can also be used when businesses and employees decide to part company, usually with an agreed payment to an employee, although there may be additional benefits to the employee, in exchange for any future claims against their employer.

If you have been offered a settlement agreement by your employer, it is important not to accept the first offer and to instruct a settlement agreement solicitor from Paul Crowley & Co’s expert team of advisors.

Settlement agreement negotiations

Many clients we have represented ask can you negotiate a settlement agreement? The answer is yes you can and we do. Settlement agreements are voluntary and open for negotiation, an employee is not legally obliged to agree and sign a settlement agreement irrespective of what is being offered by their employer.

This is especially important in the present climate, as there has been evidence of businesses attempting to offer their employees settlements based around the reduced furlough pay scheme. Legally, settlement agreement rates should be based on your standard full pay.

Settlement agreement counter offers

Paul Crowley & Co will reject the employers first offer and negotiate a series of counter offers, until a satisfactory agreement can be reached on your behalf.

No cost to you!

Because of the financial strain involuntary unemployment can impose on a person, access to Paul Crowley & Co Solicitors will cost you nothing.

As part of your settlement agreement, a fixed fee for independent legal advice is already included, so your employer not you, will be footing the bill for the advice and assistance you receive from Paul Crowley & Co.

Why choose Paul Crowley & Co?

Because we are on your side, for a settlement agreement to be valid, it is a requirement that an employee takes legal advice.

Our specialist team of solicitors are experienced in successfully negotiating a diverse range of settlement agreements in favour of our clients. If your employer has provided you with a settlement agreement, or where an agreement is an option, then Paul Crowley & Co are here to help.

Paul Crowley & Co have helped to stabilise numerous clients from a wide range of employment backgrounds from manual labourers, factory workers, middle management executives all the way through to senior management in FTSE 100 companies.

With our knowledge and expertise we are confident the final settlement agreement you sign, will reflect the best possible outcome for you.

If you would like to make a no obligation appointment with one of our settlement agreement experts then please contact us on 0151 264 7363 or email: info@paulcrowley.co.uk

Related posts:

Unmarried Couples and Wills: Know Your Rights Accidents in the workplace? Consult the legal experts Conveyancing made easy – Consult the legal experts Social Housing Disrepair: Consult the legal experts Accepting a police caution – Consult the legal experts Wanting a divorce – Consult the legal experts