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Well my name is Richard Lozano, Im Head of Employment here at Taylor Bracewell. A Settlement Agreement is a contract in effect between the employee and the employer. It arises in situations very often where things might not have worked out in the employment relationship or there might be a redundancy situation. What the employer will do is in effect make an offer itll be on a without prejudice basis, so itll be kept confidential it wont be disclosable if there were to be claims in future which would only happen if the agreement didnt go through and then you would obtain independent legal advice the employer would cover the fee ordinarily of that advice just so that the advisor can go through the terms and conditions of the agreement. However as part of that process a good advisor will give you guidance as to whether the offer or not is a reasonable one. Its not uncommon sometimes for an employer to offer literally what youre entitled to under your
