Business Settlement Agreements (Compromise Agreements)

Compromise agreements are normally used by employers either before, at the time of or after terminating or varying an employee’s contract of employment.

The object of a compromise agreement is to provide the employee with certain benefits under the agreement, usually a severance payment and a guaranteed reference, in return for an agreement not to pursue a claim against the employer in the future.

Compromise agreements are normally used by employers either before, at the time of or after terminating or varying an employee’s contract of employment.

The object of a compromise agreement is to provide the employee with certain benefits under the agreement, usually a severance payment and a guaranteed reference, in return for an agreement not to pursue a claim against the employer in the future.

 

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