Settlement agreements can be used at any stage of a dispute, even after an appeal has been filed by the Labour Court. As long as these conditions are met, there will be a legally binding agreement. However, the parties are free to accept other conditions that they agree to each other. Common examples of other issues settled by a settlement agreement are as follows: your legal advisor is also mentioned in the settlement agreement, and this is a legal requirement for the waiver of your employment rights to be valid. With branches across Scotland in Glasgow, Edinburgh, Thurso, Inverness, Elgin and Shetland, our labour lawyers have been working hard for over 15 years to ensure clients understand their legal rights and remedies before signing settlement agreements or compromise agreements. As noted above, these are legally binding agreements between workers and employers. The legal implication of a settlement agreement is that the worker waives his or her legal rights to bring a dispute before a court. It is therefore imperative for the worker to get legal advice so that he is aware of the exact effects. A settlement agreement (formerly called a compromise agreement) is an agreement between an employer and an employee. The agreement essentially consists of the worker leaving the employment relationship for a sum of money and waiving all his rights to bring an action before an employment court. The law requires that the worker receive independent legal assistance before signing the settlement agreement. Most arrangement agreements include a clause where the employer contributes to the worker`s legal costs in order to obtain independent advice.

This normally means that you, the employee, don`t have to pay out of pocket. Make sure you get a fair deal, talk to our employment team now. Call us or use the form below to send us your data for a chat about your transaction agreement. These agreements must be tailored to your situation. Employers cannot use the same agreement for more than one employee. It is therefore extremely important that you consult with yourself legally before signing. There are several things that should be included in a transaction agreement, some of which are legal requirements. Normally, a settlement agreement implies that before a settlement agreement can be legally binding, the following conditions must be met: you can also negotiate a reference from your employer. . . .