Severing a Business Relationship with a Settlement Agreement
Settlement Agreements can be a good way of severing a business relationship between employees and employers where relations between them have gone sour or as a result of a business reorganisation.
As they are a legal document, employees need to seek independent legal advice on their contents. This is mainly because, by signing the Agreement, employees waive their rights to bring legal proceedings against their employer save for certain circumstances. An employer will also need to contribute to the legal fees for an employee seeking this advice.
If you are an employee who has received this document and need legal advice regarding the terms and your rights or are an employer who wishes to bring the end to a business relationship and want to consider using a Settlement Agreement please read our Fact Sheets on Settlement Agreements to find out more: