What Am I Allowed To Do After Signing An Employment Compromise Agreement?
The employment compromise agreement is being used more and more these days in the United Kingdom, and these agreements are important, legally binding ones that can have a lot of implications for both the employer and the employee. Both parties have to be aware of their responsibilities and the implications of signing such an agreement, as both parties will need to adhere to the terms in order for the agreement to be valid and to avoid breaching the terms of the agreement.
The UK compromise agreement is used for a variety of reasons, usually to settle issues relating to termination of employment, whether through dismissal, redundancy, notice, etc, or to resolve other issues between an employee and an employer. Because of the legally binding nature of an employment compromise agreement it is vital that the employee knows exactly what is in the contract and what he or she is agreeing to.
What you are allowed to do or not do relating to the issue in the compromise agreement will depend largely on the terms of the agreement that you sign. An employment compromise agreement will often tend to contain a range of clauses and terms relating to a variety of matters such as pursuing further action, discussing the terms of the settlement, and speaking ill of the employer or company to other members of staff or the press.
In order to make sure that you know exactly what you can do and cannot do as part of the agreement you need to make sure that you are fully aware of the terms of the agreement, which can be quite difficult if you have no real legal knowledge or background. To make sure that it is legally binding, it is a legal requirement that you seek independent legal advice before signing a UK compromise agreement, so it is well worth considering using specialist compromise agreement solicitors who will be able to explain the terms of the agreement in great detail so that you are absolutely clear about what you are agreeing to when you sign the document.
When you speak to your legal representative about the compromise agreement he or she will explain exactly what you can do and what you cannot do once you have signed the agreement. This will clarify the situation for you, which ensures that you do not breach the terms of the agreement. It will also help you to get a better idea of what your employment can and cannot do in line with the terms of the agreement.