The often complex subject of compromise agreements was made a little easier to grasp this week with the launch of a new website designed especially to help normal people, be it employers or employees understand better this particular area of employment law.
Compromise agreements, occasionally referred to as settlement agreements or redundancy agreements were created by the UK government and are legally binding agreements between an employer
and an employee to mutually agree to terminate the employment relationship. The purpose of the compromise agreement is to avoid the risk and cost of possible legal proceedings for both
parties, by negotiating the amount of ex gratia compensation payable to the former employee, the wording of any reference provided by the employer for the former employee and the details
of transferring any company pensions.
Craig Sharpe of Sharpes Solicitors, the man behind the http://www.compromise-agreements.info
for more information or if you feel you may need a friendly UK solicitor to provide compromise agreement advice or help with an employment law matter then please visit