With retail giant, Asda, hitting the headlines recently in respect of their proposed contractual changes, it is important to consider the legal implications surrounding the same. Despite the new “contract 6” looking to increase the base pay...
A settlement agreement is used to agree terms in which an employee terminates employment and prohibits the employee from making any legal claims against their employer, in respect of their employment. This is usually in exchange for a cash settlement or other benefits such as a reference.
A settlement agreement can be used in a wide variety of circumstances. These circumstances can include:
- Performance management at work
- Long Term sickness issues
- A clash of personalities
- Transfer of a business
- As a way to settle grievances