In employment law, a Settlement Agreement is an agreement where an employee (or a worker) agrees not to pursue certain statutory employment tribunal claims against an employer.
A Settlement Agreement is a legal document that sets out the details of an employee’s terms of departure where they are to receive e.g. a termination payment in return for the waiver of all actual and potential statutory (and usually common law) claims against the employer.
The employer normally pays a contribution towards the employee’s legal costs of taking the independent legal advice required by the employee.
If you want to talk about a Settlement Agreement, then please contact Peter Marshall.