Raworths LLP
Settlements Agreements Settlements Agreements

Settlements Agreements

Business

We act for businesses as well as the people who create, own and invest in them, building long term relationships with our clients to understand the unique challenges and opportunities they face. Our depth of experience and knowledge is focussed on providing practical advice designed to meet all our clients’ business needs.

Individuals & Families

We understand how important your case is, our experienced teams are on hand to provide practical and effective legal advice. With one of the largest teams of lawyers in North Yorkshire we work for wealthy individuals and their families, trusts and family businesses - your needs are at the heart of what we do.

Property

Our Commercial, Residential and Agricultural Property teams have the expertise to help you deal with the opportunities and challenges of the freehold and leasehold real estate market. We have substantial depth of experience of the property world and its demands which gives us the crucial ability to help you achieve your aims.

Resolving Disputes

Disputes are an unavoidable fact of life, but when they happen it is essential to find a quick, effective and practical solution to the situation. Whether your issues are commercial or business related, family or personal, we have the depth of experience, imagination and expertise to help you solve your problems.

A Settlement Agreement is a legally binding agreement between an employer and an employee which governs the termination of the employment relationship on agreed terms and prevents the employee bringing claims against the employer at a later date. By entering into a Settlement Agreement the employee gives up certain legal rights usually in return for a severance payment or some other form of consideration

By entering into a Settlement Agreement an employee agrees to give up certain legal rights usually in return for a severance payment or some other form of benefit, such as an agreed form of reference or transfer of Company property.

The law protects the employee by stipulating that Settlement Agreements must meet certain specific criteria to ensure they are legally enforceable. One of these is that the employee must obtain independent legal advice on the terms and effect of the Agreement. Usually, the Settlement Agreement will provide that an Employer makes a contribution to the employee’s legal costs in order to obtain the necessary independent advice which makes it binding.

Our specialist team of employment Solicitors routinely advise on the content and terms detailed in Settlement Agreements. If you are an employee with a Settlement Agreement we can negotiate terms that are right for you on your behalf and ensure that the Agreement is structured in the best possible way for you.