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Settlement agreement: what you need to know 

If you are being made redundant and have been offered a settlement agreement here’s some things you need to know:

Firstly, get legal advice straight away – your employer will usually pay for this

You do not have to accept the settlement agreement – it is a voluntary contract

Neither do you have to accept the terms proposed in the agreement – these can be negotiated

Above all, you must not sign the agreement before you have taken legal advice and are happy with the terms.

An experienced employment solicitor will be able to:

  • Offer prompt and expert advice, tailored to your particular circumstances
  • Explain the terms of your settlement agreement, what it means to you and what your options are
  • Negotiate with your employer, making sure that the terms are in your best interests
  • Review the amount of compensation you are offered if necessary

If you would like more information or just want a confidential, no obligation chat about your options, we are happy to help – please call 01302 320621 or email

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