We're experts in negotiating and advising on settlement agreements
Slater and Gordon’s settlement agreement lawyers negotiate and advise on compromise agreements for all employees at all levels of seniority. Employers sometimes offer a settlement agreement or severance agreement when terminating employment.
The basis of a settlement agreement is that the employer offers you further financial compensation or another incentive, usually beyond your contractual entitlement, to enter into the settlement agreement. In turn, by signing the agreement you give up your right to bring an employment-related claim against your employer.
If negotiated properly, a settlement agreement can be a very effective way to ensure that you are adequately compensated for the termination of your employment without the need to bring a formal claim against your employer, which can be expensive and time-consuming and may attract potentially damaging publicity.
If you have represented yourself in the Fair Work Commission, or in another employment tribunal you may have been provided with a settlement agreement as the basis for settling your claim.
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Why choose Slater and Gordon?
Our lawyers are experts in negotiating and advising on settlement agreements, ranging from relatively routine pre-agreed settlements to high-value and complex deals involving share options and structured payments.
If you are offered a settlement agreement, you should get expert legal advice on the agreement as soon as possible. We can advise you on any claims you may have, and can negotiate the best compensation package in your circumstances, ensuring that the agreement is adequately drafted to provide you with the protection you require.