Useful Information on Settlement Agreements

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An Overview of the Process

An overview of the process of getting a Settlement Agreement concluded is as follows:

  1. Once you have a draft Settlement Agreement, call us to make an appointment or send us your details and we will contact you.
  2. A meeting will be arranged at no cost to you. If you decide to have a telephone consultation, we will ask you to send a copy of your draft Settlement Agreement to us in advance.
  3. You will have a face to face or telephone consultation with a Solicitor who will take some background of your employment history and then advise you of any potential claims you have and the value of the claims.
  4. The Solicitor will then run through the Settlement Agreement and explain any clauses which may be difficult to understand. The Solicitor will also advise you of any clauses that should be altered or removed. You will have the opportunity to ask any questions.
  5. The Solicitor will advise you of whether the sum of money that is being paid by your employer is reasonable or not. You can then decide whether you wish to accept the financial package as offered by your employer.
  6. You will be advised of your options in the event that you decide not to accept the financial package.
  7. If you choose to accept the financial package then, subject to you being happy with the remainder of the wording of the agreement, you will then proceed to sign it.
  8. The Solicitor will then sign an ‘Adviser’s Certificate” confirming that, amongst other things, he or she advised you of the terms and effect of the agreement.
  9. We will then send the executed agreement to your employer for their signature together with the adviser’s certificate and our bill of costs.
  10. Your employer will sign and return the Agreement and will pay our bill and the case is then at a close.

For more information about ELS Solicitors, visit our main website – www.elslaw.co.uk