compromise agreements

A compromise agreement is a legally binding agreement between you and an employee which sets out the terms of a negotiated exit.

Compromise agreements require the employee to waive their rights to pursue certain claims against you, usually in exchange for a sum of money and sometimes an agreed reference. They can be a very effective way of managing exits, providing certainty for you by minimising the risk of claims and keeping legal fees to a minimum.

In order for compromise agreements to be binding the employee must obtain independent legal advice on them.

We can draft compromise agreements for you and negotiate with the employee's representative to bring matters to a swift and satisfactory conclusion.

Please call us on 020 7148 7850 or email info@levenesemployment.co.uk