A Settlement Agreement is usually offered to you by your employer as a means of you agreeing to leave your employment and setting out the terms of your departure.
Whilst you do not have a legal right as such to ask for a Settlement Agreement there is nothing to stop you doing so.
You may be unhappy in your job and you just want to leave or something may have happened which means you want to seek a mutual agreement about the terms of your departure and the leaving date.
If you are thinking of approaching your employer with a proposal for a Settlement Agreement think carefully about what you hope to achieve, what your desired outcomes are and how you can best make the approach and who to. Once you have decided on that, make sure that any approach is marked “Without Prejudice” and refer to our free Glossary on our website for an explanation as to what that means.
You should find out fairly soon whether your employer is amenable to the suggestion and if they are, there will usually be some negotiations as to the precise terms of the Settlement Agreement. Once you have the agreement, usually your employer will offer to pay a fixed fee towards you seeking legal advice from a solicitor of your choosing on the contents of the Settlement Agreement itself.
We are Specialist Settlement Agreement Solicitors and one our team would be very happy to advise you on your Settlement Agreement.