Home » Employment Law Services » settlement agreement

Award-Winning Settlement Agreement Solicitors.

We don’t charge for our service; matching with an SRA regulated solicitor has never been easier!

Man signing a settlement agreement document with a solicitor present, symbolising legal expertise in settlements.

Connect with Award-Winning Law Firms

Direct2Compensation logo - partnered firm.
Northwest Solicitors logo - partnered firm.
Lawyer Connect logo - partnered firm.
Personal Wills Service logo - partnered firm.
Silver Time Legal logo - partnered firm.
Silver Time Legal logo - partnered firm.

Ready to speak to an employment solicitor?

Search icon for finding solicitors near me.

Step 1: Answer a few questions

Share some details about your legal situation, it only takes a few minutes. Your information is confidential, encrypted, and stored securely by us.

Search icon for finding law firms near me.

Step 2: Match with a solicitor

Our advanced algorithm finds you the best solicitor for your needs. All solicitors listed with us are SRA-regulated and qualified.

Icon representing a law firm.

Step 3: Get your free consultation

Your solicitor will reach out to schedule your free initial consultation.

Our service makes it effortless to connect with an SRA-regulated solicitor who provides free consultations!

Locate Solicitors white logo.

Book A Consultation

Connect With Award-Winning Firms
Britton and Time Solicitors banner.

Britton and Time Solicitors

Multi-Service Law Firm

Direct2Compensation banner.

Direct2Compensation

Medical Negligence & Work Injury

Menzies Law banner.

Menzies Law

Employment Law Specialists

Frequently Asked Questions

What are the key components of a settlement agreement?

A settlement agreement typically includes terms of employment termination, financial compensation, confidentiality clauses, and provisions for references. It may also cover ongoing obligations, intellectual property rights, and non-compete clauses. Understanding these components is crucial for both employees and employers.

How long does the settlement agreement process usually take?

The settlement agreement process can vary, but it typically takes 1-4 weeks from initial discussions to signing. Factors affecting the timeline include the complexity of the case, negotiation duration, and how quickly both parties can reach an agreement.

Can I negotiate the terms of my settlement agreement?

Yes, you can negotiate the terms of your settlement agreement. Common negotiation points include financial compensation, reference wording, and non-compete clauses. A solicitor can help you understand which terms are negotiable and advise on strategy.

Illustration depicting professional solicitors in a modern office setting, offering legal consultation.

What are the tax implications of a settlement agreement?

Tax implications vary depending on the nature of the payments. Generally, the first £30,000 of a genuine compensation payment is tax-free. However, other elements like salary, bonuses, and holiday pay are taxable. Seeking advice from a solicitor or tax professional is recommended.

How does a settlement agreement affect future employment?

A settlement agreement may include clauses affecting future employment, such as non-compete or confidentiality agreements. It’s important to understand these terms and how they might impact your career prospects before signing.

What happens if either party breaches the settlement agreement?

If either party breaches the settlement agreement, the other party can take legal action to enforce the terms or seek damages. The specific consequences depend on the nature of the breach and the agreement’s terms.

Contact us today to connect with a specialist settlement agreement solicitor who can guide you through personal or business-related legal matters.

Employment law tips and guides

Join Our Newsletter