Whether you are an employee or an employer, the termination of employment can often be a time-consuming and stressful process.
However, with the assistance of rhw’s Employment Team, you can be guided through the process with efficiency and expertise.
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What is a settlement agreement for?
The aim of a settlement agreement is to enable an employer and employee to bring an employment relationship to an end with confidence and certainty. Therefore, whether you are an employer or employee, it is crucial to ensure the agreement is drafted with care and skill.
So what do settlement agreements do?
Settlement agreements can stop employers and employees bringing claims against each other after the employment relationship has come to an end. If a settlement agreement is not reached in these circumstances, each party can remain exposed to the risk of potential liability.
What are the Legal requirements of a settlement ?
To protect employees who may be unaware of their legal rights, the law states that settlement agreements are not legally enforceable unless they meet certain minimum requirements:
- The agreement must be in writing
- The agreement must relate to