What does a compromise agreement contain?
All of these documents vary in their details according to the specific circumstances however they are usually drafted by a specialist compromise agreement solicitor upon instructions from an employer. There are certain key matters that most all agreements cover :- • amount of compensation to be paid, including any tax-free componant • any restrictions being placed on future employment • confidential matters, such as trade secrets and the terms of the agreement • any assurances given by the employer and/or employee • the reference that will be given by the employer • settlement of any claims which the employer may have against the employee • what the other employees will be told about the termination • mutual agreement not to make derogatory comments In the proposed document you will see a long list of statutes under which you are agreeing not to bring claims. The employer must list these statutes in order to be able to enforce the agreement as a full and final settlement. Compromise ag
