Settlement Agreement

A Settlement Agreement is an agreement between an employer and an employee pursuant to which the employee agrees to waive or settle potential claims he or she may have against the employer, in return for some form of compensation.

In order to be legally binding, the Settlement Agreement has to contain certain key provisions and be in a prescribed form. The employee must also have sought independent legal advice, so as to ensure that he or she has fully understood the terms and affect of the agreement before signing it.

Our Settlement Agreement includes details of the potential claims that are to be waived by the employee, the form of the compensation being offered, a confidentiality undertaking and a restatement of any restrictive covenants that the employee is subject to.

However, we will draft the Settlement Agreement to meet your specific requirements.

What does our package include?

• Telephone Conference – to provide guidance and to take detailed instructions.
• Settlement Agreement – drafted in accordance with your instructions.
• Guidance – written in plain English.

NOTE: If you are an employee who has been asked to sign a Settlement Agreement, we are happy to act as the independent legal advisor, to advise you of the consequences of entering into the agreement and to negotiate an appropriate level of compensation on your behalf. Please contact us for details.