London Settlement Agreement Lawyers
London Settlement Agreement Lawyers

Settlement agreement lawyers in London

Specialist employment lawyers serving London and the surrounding areas.

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Been offered a settlement agreement? Then you need independent advice from a settlement agreement lawyer.

Our expert team of employment law solicitors in London will be at your side every step of the way.

It is a legal requirement to obtain legal counsel before signing a settlement agreement. This is to ensure that you are aware of what you might be signing away. Our team of experienced settlement agreement solicitors will review your documents and talk you through process.

It can be daunting when faced with an agreement containing legal language and possibly added time pressure. We will explain with clarity what it is you are agreeing to and always aim to offer appointments the following day.

Our primary priority is getting you the best version of the settlement. Our top team of London settlement agreement solicitors achieve this by:

Our team in London are experts at:

  • negotiating an increased settlement, where appropriate
  • protecting your reputation
  • ensuring the payment terms are fair and tax efficient
  • negotiating references, announcements, and confidentiality terms
  • advising you on the legal claims you are giving up

And much more to ensure you come out of the process happy and satisfied. Don’t hesitate to get in contact with us for advice on your settlement agreement.

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Frequently asked questions about settlement agreements

Our London based settlement agreement lawyers are on hand to answer any questions you may have. Discover more below, or just speak to them direct.

What is a settlement agreement?

A Settlement Agreement is a legally binding contract between you and your employer which normally sets out the terms under which you give up your rights to bring legal claims against your employer. This will include details about how your employment will end and any compensation you will be paid.

Are settlement agreement payments taxable?

Settlement agreement payments are often tax free up £30,000. The rate at which you will be taxed on settlements over £30,000 will depend on your earnings in that tax year. Other payments in settlement agreements such as notice pay, wages or bonuses are normally taxable. If you have not been given notice or a payment in lieu of notice then some of your settlement agreement payment may be taxable.

Are settlement agreements used in redundancy?

Settlement Agreements are often used for redundancy situations where your employer does not want to go through a lengthy process, is paying an enhanced redundancy payment, or is worried that your redundancy may not be fair.

What happens if I don’t accept a settlement agreement?

You should not feel forced to sign a settlement agreement. Your solicitor should advise you on the value of your claims and whether the settlement agreement payment and terms are fair. If you don’t sign an agreement, you retain your right to bring legal claims against your employer but you may not receive the payments proposed in the settlement agreement.

How long does a settlement agreement take?

If you agree to all the terms proposed by your employer the process will not take long. You will need to send us your contract of employment and the settlement agreement. We will review these documents and offer you an appointment within a day where possible. The advice meeting normally lasts up to an hour.

Why do I have to see a lawyer before receiving a settlement agreement?

You are legally required to be advised by a lawyer or qualified Trade Union representative before entering into a legally binding settlement agreement and giving up your legal claims.

How much does a settlement agreement cost?

Your employer should contribute to the cost of your settlement agreement advice. The contribution is normally from £350 to £500 + VAT. If you ask us to carry out additional work, employers may increase their contribution to cover this work.

What does ‘Without Prejudice’ mean?

Employers will often say or write the phrase ”without prejudice” when corresponding with you about a settlement agreement. ‘Without prejudice’ applies to any communication which is made for the purposes of resolving an existing or anticipated legal claim. If communications are truly ‘without prejudice’ then they cannot be disclosed in legal proceedings.

What is a ‘protected conversation’?

Your employer may ask you take part in a Protected Conversation – a confidential discussion about the termination of your employment on agreed terms. Provided that your employer has not behaved improperly, the protected conversation cannot be disclosed in unfair dismissal proceedings only.

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Our London based settlement agreement lawyers

RWK Goodman, 69 Carter Lane, London, EC4V 5EQ