November 01, 2017
Kiran Virdee is the most recent addition to the Pudsey Legal team. She is a qualified Solicitor with experience in commercial and civil litigation and can also assist with advising on and drafting terms and conditions and commercial agreements.
Here, Kiran explains the important role of Settlement Agreements when an employment relationship comes to an end.
What are Settlement Agreements and when are they used?
Why is it important to seek independent legal advice on Settlement Agreements?
Settlement Agreements also contain various assurances (known as “warranties“) that an employee is required to give when signing the Agreement. If you breach these or the Agreement in any way, you may face a potential claim in the future. An independent legal adviser will advise you on these and sometimes suggest changes to the Agreement to make sure you are happy with what you are signing.
Whether the proposal of a Settlement Agreement has come out of the blue or whether you have been in the driving seat and negotiated the terms yourself, it is a good idea to take independent legal advice to give you guidance on the terms of the Agreement and whether or not you should accept it.
If you find yourself in this situation, do not hesitate to contact us.