Compromise Agreements
In situations where an employer reaches an agreement with an employee about the termination of their employment, it is important to have the particulars in writing in order for such agreement to have legal effect. Any exit package should be drawn up into a compromise agreement.
A compromise agreement is a legally recognised and safe method of terminating an employee's employment and finalising settlement. It minimises the danger of future issues or problems arising after the end of employment.
Our team can assist by drafting compromise agreements and advising on the proposed terms to safeguard against any claims that may be available to employees.