Settlement agreements
24 May 2018
First introduced by statute in 1993, settlement agreements (previously known as compromise agreements) have become increasingly common as a means for an employer and employee to settle claims and/or effect a clean break from the employment relationship.
First introduced by statute in 1993, settlement agreements (previously known as compromise agreements) have become increasingly common as a means for an employer and employee to settle claims and/or effect a clean break from the employment relationship.
Given the legal implications of signing a settlement agreement, it is important that both parties understand the full effect of such agreements.
For a summary of the legal issues and claims that can arise when an employment contract comes to an end, see our inbrief guide Termination of employment.