Hayat and Co. Solicitors can, where required, offer a fast and efficient 24- 48 hour turnaround service and can assist clients anywhere in the UK by providing advice via email and over the telephone thereby avoiding the need for any attendance in person where this might otherwise prove inconvenient (subject to a basic ID check) or delsy an outcome or action.
1.What is a compromise agreement?
A compromise agreement is an agreement between you and your employer whereby you give up all of your rights to bring any kind of claim against your employer. This is usually in exchange for a sum of money.
2. Why do I need a compromise agreement?
The only way that your employer can be sure that you won’t bring legal proceedings against them is if you sign away your rights to do so. There are very few ways that you can do this legally but the most common way is in a compromise agreement.
3. Why do I need legal advice on the compromise agreement?
It is a legal requirement that you obtain legal advice on the compromise agreement. Otherwise, it will not be legally binding.
The policy behind the requirement for legal advice is that employees are often in a much weaker bargaining position than employers. There is a risk that you could sign away your legal rights without fully understanding what those rights are.
4. So why is my compromise agreement so long?
Often employers take the opportunity to include additional clauses when entering into a compromise agreement.
Employees often feel that compromise agreements are one sided because they contain clauses such as:-
♦ Confidentiality;
♦ Various warranties;
♦ Restrictive Covenants;
♦ A long list of irrelevant claims.
The employer will want to make sure that it has covered every possible claim that you could seek to bring.
5. What should I do if I have been offered a compromise agreement?
If you have received an offer of a compromise agreement, you should speak to a solicitor.
Hayat and Co. Solicitors can where required offer a fast and efficient 24- 48 hour turnaround service and can assist clients anywhere in the UK by providing advice via email and over the telephone thereby avoiding the need for any attendance in person where this might otherwise prove inconvenient (subject to a basic ID check)
6. How much will it cost me to seek Legal Advice?
It should cost you nothing to advise you in relation to the compromise agreement, including any amendments to the compromise agreement wording. This is because your employer will usually foot the bill and pay us direct.
To discuss any aspect of our service or to obtain a quote for your case:
Email: info@hayatandco.com
