It doesn’t seem too long ago that infamous landlord Fergus Wilson was in the news for banning so-called ‘coloured tenants’ from renting properties as he alleged that they left a ‘curry smell’ in the properties. At the time,...
A settlement agreement is a legally binding contract that sets out the terms of any settlements that arise out of an employee’s termination of employment. These terms will usually state that an employee accepts a sum of money and a reference in exchange for agreeing not to make a legal claim against their employer.
A settlement agreement is entered into by an employer and their employee (or former employee). A settlement agreement can also be entered into by someone other than an employee or former employee. For example this could be a worker who has a complaint about their holiday pay or an unsuccessful job applicant who feels that they were discriminated against at the interview stage.
An individual settlement agreement can only be signed by two parties and cannot be signed by groups of individuals.