Compromise Agreement
COMPROMISE AGREEMENT SOLICITORS IN BIRMINGHAM
Our Compromise Agreements solicitors and lawyers provide fast, efficient and knowledgeable independent advice to employees.
In the vast majority of cases our services are free to you as employee, as it is standard for the employer to pay our fees for advising on the Compromise Agreement. We are highly experienced in negotiating the most favourable financial package, whether the underlying situation is redundancy, ill health absence, a grievance or threat of dismissal.
Compromise Agreements are standardised documents, which were created by the Government as a method of reducing the number of Employment Tribunal claims. Because there are no court fees for using the Employment Tribunal, the big rise in employment claims made in the Tribunal in the last 20 years created a drain on public finance and this prompted the Government to create compromise agreements.
Why have you been offered a Compromise Agreement?
A Compromise Agreement may be offered by your employer for a variety of reasons. There may be an underlying dispute, you may have raised a grievance, be medically unfit to continue working or may not want to return to work at the end of Maternity leave. Most commonly, a Compromise Agreement is offered as part of redundancy arrangements.
One of the unusual aspects of Compromise Agreements is that the underlying reasons for a Compromise Agreement being offered often do not materially impact on the financial package offered. A typical compromise agreement offer would be your contractual notice period plus between 2-4 month’s equivalent salary, paid ex gratia as compensation. We will explain the reasons for this when we meet with you, and also discuss your underlying employment situation so as to assist you in deciding whether to accept the amount offered or to seek to negotiate a better package.
Please contact us now for immediate, free compromise agreement advice.