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It is important that before signing a settlement agreement you seek advice from an experienced settlement agreement lawyer.
Our team in Oxford have successfully negotiated numerous settlement agreements and we can help you too.
When presented with a settlement agreement you are required to take independent legal advice. One of our settlement agreement solicitors will go through your documents and talk through with you how best to continue. Our experience means that the final agreement you sign will truly reflect the best terms and outcome for you.
We understand it can be a difficult time and often very stressful. We also know there can be a tight deadline so we will always to our best to schedule a meeting with a settlement agreement solicitor the following day. Thanks to our experience we can meet these deadlines and achieve a successful outcome.
Regardless of you being local to Oxford or further afield our settlement agreement lawyers can assist, whether that be negotiating an increased settlement or simply advising you as to the terms and effect of the agreement.
Our team in Oxford 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
Frequently asked questions about settlement agreements
Our Oxford based settlement agreement lawyers are on hand to answer any questions you may have. Discover more below, or just speak to them direct.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Our Oxford based settlement agreement lawyers
The solicitor gave me confidence that I could seek redress and negotiated a successful outcome.
A brilliant service from the first call through to the final settlement.
My lawyer was very helpful from start to finish. He explained everything clearly and exceeded expectations.
The solicitor achieved a much better result and took away the strain.