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Carl Vincent, the head of employment at Girling's, provides insights about settlement agreements in this video tutorial. A settlement agreement is a written document made between an employer and an employee that outlines the terms of the employee's exit from their job, including payments and a waiver of claims. It offers a clean break for the employer, preventing future employment claims. Opting for a settlement agreement avoids the risks, costs, and time associated with employment tribunals. While employees cannot be forced to enter into a settlement agreement, it provides a practical alternative to resolving disputes.
