Settlement Agreements (Compromise Agreements)
Whether it is because of limitations on resources, timing issues or for commercial reasons, it is not always possible or preferable for a company to go through lengthy detailed dismissal procedures. We regularly advise company clients on the use of settlement agreements (compromise agreement) as a management tool.
Recent instructions include:
- Advising a company client on the use of settlement agreements in a voluntary redundancy scheme offering enhanced voluntary terms
- Using a settlement agreement to record the terms of negotiated non-solicitation and non-dealing provisions, following a successful investigation of competitive activity
- Advising a company client on the offer and subsequent implementation of a settlement agreement as an alternative to the use of complex performance management procedures
If you would like more information on settlement agreements (compromise agreements) please click here.