It is important to bear in mind that an employment compromise agreement is a legally binding and very important agreement. In light of this it is important to look over it extremely carefully before making a decision on whether to sign or not. Of course, you need to consider the fact that if you sign the agreement you will have signed away your rights to take further action against your employer. You must also consider the fact that if you do not sign a UK compromise agreement there is nothing to say that you will get a better settlement or even as good a settlement by taking court action or making an employment tribunal claim.
In order to ensure that you are doing the right thing in terms of signing this compromise agreement you need to consider both the settlement and the terms, which is something that employment solicitors who specialize in compromise agreements can go through with you in detail. This will enable you to make a far more informed decision with regards to what you should do. Some of the things that you need to look at, and which dedicated compromise agreement solicitors can discuss with you include:
- The settlement that forms part of the agreement. You need to see what your employer is offering by way of a full and final settlement so that you can determine whether signing the agreement is going to benefit you. If the settlement is not as fair as you think it could be your solicitor can negotiate with your employer to get it looked at again. This is something that experienced solicitors in this field often do.
- The terms of the agreement. You need to ensure that you are familiar with and understand the terms and conditions of the agreement, as you need to make sure that you are able to adhere to these conditions. When you sign the agreement you will be signing away your right to make further claims as well as signing to agree to the terms and conditions so you need to fully understand them.
- Your employer’s obligations. It is important to remember that your employer also has to abide by the terms and conditions of the agreement, and you therefore need to check what the employer’s obligations are so that you will know if these terms and conditions are breached by the employer, at which point you can seek legal advice with a view to taking independent action.
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