What is a redundancy compromise agreement? | LawHive - Solicitors & Lawyers Online

What is a redundancy compromise agreement?

Redundancy compromise agreements

A redundancy compromise agreement is the old name of what is now called a 'settlement agreement'.

It is a legally binding contract that an employer provides to an employee to settle a claim that the employee might have.

Usually, a settlement agreement or compromise agreement is provided when an employer has made the employee redundant.

Legally binding

A compromise agreement or settlement agreement is legally binding and asides from under exceptional circumstances, once signed you will not be able to re-negotiate.

It is vital you get professional advice and your employer will usually pay for the costs.

Want a solicitor to help with your employment issue?

LawHive solicitors work online for fixed fees.

Talk to a solicitor now

Get legal help the hassle-free way

We have expert solicitors ready to resolve any type of legal issue in the UK.

Remove the uncertainty and hassle by letting our solicitors do the heavy lifting for you.

Get Legal Help

Takes less than 5 mins