Employees facing redundancy should be aware that until a compromise agreement is signed, it is not binding. Compromise agreements are only be legally binding when signed by both parties, i.e. the employee and employer. The significance of this is that any offer of a severance package is made ‘without prejudice’. If you need legal advice […]
Entries Tagged as 'Employment Tribunals'
Redundancy, Compromise Agreement, Legally Binding, Severance, Employment Law
January 2nd, 2013 · No Comments · About Compromise Agreement Blog, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Independent Legal Advice, Necessity for Legal Advice on the Terms of Your Compromise Agreement, Redundancies, Redundancy, Redundancy law, Signing Compromise Agreements, Your Compromise Agreement is a Binding Contract
Tags: Compromise Agreement·employment law·Legally Binding·Redundancy·Severance
Redundancy, Employment Law, Non-Compete, Non-Solicit, Compromise Agreement
December 17th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Non Compete, Non Solicitation, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Restrictive Covenants, Termination of Employment, Your Compromise Agreement is a Binding Contract
Whether it would be permissible to start your own business in competition with a former employer following redundancy really depends on whether there are non-solicit or non-compete clauses in your employment contract. If you are in a type of business where you are likely to poach or deal with employees or clients of your former […]
Tags: Compromise Agreement·employment law·Non-Compete·Non-Solicit·Redundancy
Redundancy, Employment Law, Negotiation, Redundancy Payment
December 11th, 2012 · No Comments · About Compromise Agreement Blog, Choosing an Independent Legal Advisor to provide Advice on the Terms of your Compromise Agreement, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Independent Legal Advice, Negotiating a Settlement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Settlement Payment
Whether redundancy pay is negotiable or not really depends on the employer. There may only be a fixed budget allocated to making redundancies. Also, it is likely to depend on: the relationship the employee has with the company; the role he or she has in the company; his or her seniority; as well as circumstances […]
Tags: employment law·Negotiation·Redundancy·Redundancy Payment
Voluntary Redundancy, Employment Law, Negotiation
December 7th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Redundancies, Redundancy, Redundancy law, Voluntary Redundancy, Voluntary Severance, Your Compromise Agreement is a Binding Contract
Where an employee takes voluntary redundancy, there is very little room for negotiation as employee is accepting the severance package that is on offer. If you need legal advice on your redundancy or advice on the terms of your compromise agreement, please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages on employment law: http://www.rtcoopers.com/practice_employment.php […]
Redundancy, Consultation Process, Suitable Alternative Position
December 4th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Employment Tribunals, Independent Legal Advice, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Your Compromise Agreement is a Binding Contract
During redundancies, part of the consultation process is that the employers must find suitable alternative positions for their employees. Following this, if there is none available and you are subsequently given a compromise agreement, it is probably worthwhile (if you are not happy with the offer) to seek to increase the offer rather than trying […]
Tags: Consultation Process·Redundancy·Suitable Alternative Position
Setting up Your Own Business, Secondment, Redundancy
November 23rd, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Your Compromise Agreement is a Binding Contract
Most employers run and/or encourage placements with other companies. If you wish to partake in a job placement or secondment you should ask your employer. This could be useful if you are looking to set up your own business at some stage as courses around doing this can be expensive. If you are made redundant […]
Being made Redundant, Negotiating Severance Pay, Increase in Redundancy Payment
November 19th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Negotiating a Settlement, Redundancies, Redundancy, Redundancy law, Redundancy Pay, Severance Pay, Your Compromise Agreement is a Binding Contract
We have successfully negotiated increases in severance pay offered to a number of employees. Although this depends on the circumstances of each case, one factor is whether an employer is in a financial position to increase an offer. If it is a collective redundancy situation, there is no room to negotiate an increase in redundancy […]
Tags: Being made Redundant·Increase in Redundancy Payment·Negotiating Severance Pay
Being made Redundant, Loan, Repayment, Redundancy
November 16th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Loan, Redundancies, Redundancy, Redundancy law, Your Compromise Agreement is a Binding Contract
The usual position if you are made redundant but received a loan from your employer sometime during your employment is as follows: The balance is payable and would normally be paid out of your salary. Ideally you would want this to be paid out of your salary because your salary is taxable. If you need […]
Compromise Agreement, Warranty, Job Offer
November 15th, 2012 · No Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Employment Lawyers, Employment Solicitors, Employment Tribunals, Job Offer, Job Offer during consultation period, Redundancies, Redundancy, Redundancy law, Warranties, Your Compromise Agreement is a Binding Contract
There is usually a warranty contained within a compromise agreement where the employee warrants that he or she has not received a job offer. If the employee has in fact received a job offer, he or she would need to ensure that this is deleted before signing the compromise agreement. Otherwise, he or she would […]
Advice on terms of Compromise Agreement, Costs for Legal Advice, Redundancy
November 13th, 2012 · No Comments · About Compromise Agreement Blog, Employment Lawyers, Employment Solicitors, Employment Tribunals, Legal Fees, Redundancies, Redundancy, Redundancy law, Your Compromise Agreement is a Binding Contract
If RT Coopers Solicitors advise you on the terms of your compromise agreement, then unless there are substantial negotiations to be carried out, we would usually accept the amount that your employer is offering as cover for your legal expenses. There is minimum amount which we would accept and we would indicate to you what […]
Tags: Advice on terms of Compromise Agreement·Costs for Legal Advice·Redundancy