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WHAT ARE THE ADVANTAGES AND IMPORTANCE OF SETTLEMENT AGREEMENTS?

1. PROPER CLOSURE OF STRAINED EMPLOYMENT RELATIONSHIPS

Where, due to arisen estrangement and irreconcilable differences, an employer-employee working relationship cannot be continued, a settlement agreement may be used to bring about an accelerated but amicable end to the broken-down employment relationship

2. RESOLUTION OF SPECIFIC EMPLOYMENT DISPUTES

The general mood accompanying the adoption and the execution of a settlement agreement is the re-creation of a previously accorded relationship between the parties. As such, a settlement agreement mechanism may be employed where grievances and claims arise during an employment which may not necessitate a termination process. Here, the agreement may be executed to settle such differences whilst keeping it confidential within the affected parties, hereby attaining a clean break between the parties and fostering a better working relationship for the future

3. COST-EFFECTIVE AND TIME-SAVING

the agreement is an adequate alternative mechanism of resolving employment and labour disputes without resorting to the time-consuming processes of litigation and tribunal proceedings and the added high costs which may be incurred in the process of bringing up and undertaking these actions

You can call us on 0207 183 0084 or email us on employment @olaleslie.com for any queries about Settlement or Compromise Agreements . We are always happy to assist and can usually arrange appointments for Independent Legal Advice at short notice