Lynsey MeetingCompromise agreements are legally binding agreements between employees and employers which set out the terms and conditions which apply when a contract of employment is to be terminated.

In return for a monetary sum, the employee agrees to waive certain employment rights. In particular, the employee usually agrees not to pursue a claim against their employer through an employment tribunal.

It's important to take legal advice before entering into a compromise agreement as you are waiving legal rights.

Negotiating a compromise agreement is important to ensure you are adequately compensated for the rights you are giving away.

Each compromise agreement must be tailored to the exact circumstances of your employment situation. At Gibson Kerr, our expert employment lawyers can advise on all aspects of negotiation and drafting compromise agreements. 

 

scott-rasmusen
Scott Rasmusen
Partner, Head of Property Law
If you need legal advice on a residential property, commercial property or business law matter, please don't hesitate to get in touch with me.
scott.rasmusen@gibsonkerr.co.uk
Edinburgh: 0131 208 2260
Glasgow: 0141 628 0656
or Request a callback