A compromise agreement is an agreement by the employee not to pursue a legal claim against an employer. Compromise agreements can be a suitable solution in a number of different circumstances, such as unfair dismissal.
You should always seek specialist legal advice before entering into a compromise agreement. Without independent legal advice being taken, an agreement may not be legally binding. A specialist employment solicitor can help you to ensure that the agreement is suitable and fair to you.
Compromise agreements are usually offer by employers when an employee has a potentially valid claim against their employer, and is likely to pursue the claim or go to an Employment tribunal.
The compromise agreement will usually consist of a financial payment being made to the employee in return for them withdrawing their claim and agreeing to take no further action against the employer.
Here at Frisby & Small Solicitors we deal with all types of employment law cases. We represent employees and employers, so whichever side of the dispute you are on, we can help.
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