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What are the Common Terms of a Settlement Agreement?

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​What is a settlement agreement?

Employers and employees often use legally binding contracts known as settlement agreements to resolve workplace disputes or simply to record the terms of an amicable parting of ways.

Formerly known as a compromise agreement, settlement agreements are used to deal with exits that occur for a number of reasons, including redundancies, ill health, performance issues, conduct and more. They can also be referred to as a termination agreement or a severance agreement.

At Smith Partnership, our dedicated employment team advises employees on every aspect of the settlement process, ensuring they enter settlement agreement negotiations from a position of strength so as to settle on the best possible terms.

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