What Is a Compromise Agreement?
Termination of employment and redundancy forces us to separate from a workplace we’ve invested many hours of our life in and search for something new, all while trying to strike the best deal with our boss.
This deal is officially referred to as a compromise agreement, a final document signed by both employer and employee to detail the terms of separation, as well as any compensation the employee will receive.
Depending on the organisation, compromise agreements can be complex, with clauses on information sharing and colleague contact.
Both parties will need some form of legal support to help them navigate this process. For employees, having legal representation stops them from enacting the agreement (signing on the dotted line) too early and helps them negotiate the best possible terms.
If you’re in the process of settling with your former employer or have been asked to sign a compromise agreement, you should speak to an employment law expert.
Our team of employment law litigators are well-versed in all types of compromise agreements. With years of experience, we’ve dealt with hundreds of local cases in Hull, Beverley and East Yorkshire, as well as more complicated settlements involving national firms.