Compromise Agreement

A settlement agreement, formerly known as a compromise agreement, is a legal contract between an employer and an employee. This is a guilt-free way to end your employment relationship, where you usually get financial compensation. And that`s the best part. A good labour advocate can challenge the amount proposed as part of the agreement and negotiate an increase – or plead for the employer to commit to the compromise agreement. Many employers may be sensitive to these requests when a reasoned argument is put forward and there is an appropriate legal basis. As the cipd survey revealed, the average time for management to process a compromise agreement is much lower than it would be if the case were before a labour court. .

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