Compromise Agreements
Compromise Agreement Drafting & Legal Service
Employment Law and the Redundancy Compromise Agreement
Whether you’re an employer or an employee in the UK, here at NorthgateArinso we’re the company that can help with all of your employment service needs.
We specialise in giving expert advice on all areas of HR, from advice on complex redundancy compromise agreements to the issue of redundancy pay.
If you need a compromise agreement drafted or if you need to sign one, we’re the company to speak to. Once we’ve reviewed the circumstances and the contract of employment we can help you with all aspects of your redundancy compromise agreement, whether you’re looking for compromise agreement drafting or if you need further explanation of redundancy pay and redundancy payments.
What makes a Compromise Agreement necessary?
The most common use of such agreements is for redundancy. The reason for a redundancy compromise agreement is so that employers can protect themselves in possible employment tribunal situations should there be a dispute after having to make an employee redundant. They can ask their employee to sign a redundancy compromise agreement, and once signed the employee has agreed to all redundancy payments discussed and so redundancy pay is finalised.
Such agreements are legal contracts, and whether you’re an employer needing compromise agreement drafting or an employee who needs their agreement or redundancy pay reviewed you should always get a professional opinion. Compromise agreement drafting is not for the amateur so you should always have specialists address your compromise agreement drafting requirements, and it’s also a legal requirement that you have an independent adviser prove that they’ve given you advice on your agreement and redundancy payments.
Benefits of a Compromise Agreement
For the employer:
- certainty, as opposed to the risk of defending a claim;
- a saving in management time;
- avoidance of adverse publicity, both internally and externally by the incorporation of a confidentiality provision into the agreement;
- minimising the involvement of other employees in any dispute which can adversely affect morale, loyalty and commitment; and a vast reduction of potential legal costs.
Compromise Agreements can be very useful in ending an employment relationship. If one is signed, it does not amount to a dismissal by the employer but rather a mutual termination of the employment contract through agreement.
The contents of a Redundancy Compromise Agreement
A compromise agreement will provide you with a full breakdown of redundancy pay entitlement and how the redundancy payments are to be received. In many cases up to £30,000 of redundancy payments can be received by the ex-employee before they have to pay tax.
What we actually do for you as the client
- We take the time to understand your circumstances and advise whether such an agreement is the correct route for you and your business.
- If it is, we take detailed instructions from you and provide you with a bespoke agreement taking account of all the circumstances you are facing.
- Where necessary, we negotiate with the employee’s Representative and/or ACAS to broker the agreement on your behalf.
Why choose NorthgateArinso Employer Services?
- Expertise: Our Advocacy team is made of up highly qualified Lawyers, Barristers and Advocates with numerous years’ specialist experience of employment law. Our Advocates are experienced in delivering a personal and professional service at a distance, avoiding unnecessary costs.
They’re also experienced in dealing with both simple and more complex agreements, having worked for many employers to reach a satisfactory conclusion which has involved all levels of seniority of employees. - One Stop Shop: Our own Advocates will advise you and fully prepare the Agreement, including all compromise agreement drafting.
- Competitive Pricing: We will agree a fixed fee with you meaning no hidden surprises with regards to costs, and our prices start from as little as £450.
So, if you need compromise agreement experts, come to us. Here at NorthgateArinso we currently support more than 2,400 businesses in the UK for a range of Employment Law Services, training and personnel advice including redundancy pay and redundancy payments, compromise agreement drafting and all paperwork, so arrange a callback and see how we can help.
For more information on Compromise Agreements
To find out more about our Compromise Agreement Drafting Services, please call 0845 073 0260 or fill in our short enquiry form.
First Business Support Ltd (No. 03056267) trading as NorthgateArinso Employer Services is
authorised and regulated by the Financial Services Authority for general insurance business.