Q: What do I need to look for in a Compromise Agreement?
Here is a crash course on the essentials to look out for:
- The agreement must be in writing
- The agreement must relate to a particular
complaint
- The employee or worker must have received advice from
an independent legally qualified person (such as a solicitor) as to the "terms
and effects" of the proposed agreement. The key thing here is that signing the
agreement will prevent him/her from bringing a claim in an Employment
Tribunal
- This adviser must have professional indemity
insurance
- The agreement must identify and be signed by the
adviser
- The agreement must state that the conditions regulating Compromise Agreements under the Act are satisfied.