Not all business relationships between employers and employees work out, sometimes for whatever reasons it just isn’t meant to be. Ensuring that the compromise agreement process is implemented properly is vital; organisations that fail to do so could still find themselves facing the threat of an employment tribunal.
Understanding a Compromise Agreement
Ultimately, a compromise agreement is an arrangement held between both parties and confirms the finalised financial settlement agreed to dissolve the working relationship. The compromise agreement must meet all legal safeguards as failure to do this could result in the employee walking away with the settlement money as well as lodging an employment tribunal request.
Agility UK has written numerous compromise agreements with varying terms and stipulations, to talk to one of our employment law specialists team please call 01527 571611.