Archive for 'Legal'
Compromise Agreements in the United Kingdom
Posted on 02. Mar, 2011 by admin.
When you enter into a compromise agreement in the United Kingdom, other countries may vary) there are several requirements that have to be adhered to in order for the agreement to be legally binding.
Primarily the employee has to seek out independent legal advice with a specialist in the field of compromise agreements yet not the same specialist as the employer has engaged. The compromise agreement cannot be oral, it must be written and the solicitor you engage has to be named in the formal documentation.
The contract has to be drafted to fall in line with the governing conditions from the creation of the compromise agreement. This agreement has to set out exactly what the facts are surrounding the arrangement. For instance it must give the full details of all the grievances that the employee has with the employer.
Legal advice is mandatory when you form a compromise agreement. Failure to seek or acquire legal advice will render any agreement null and avoid. So the employer will not have to abide by the terms and conditions of the contract and consequently is under no obligation to pay any compensation at all.
Apart from the foregoing compromise agreements can be lengthy and include much complicated legal terminology so a solicitor is a must whichever way you look at it. For a range of excellent compromise agreement advice visit compromiseagreement.org.uk.
