Exit Strategies & Settlement Agreements
Determining a proper exit strategy with guidance from a knowledgeable solicitor, is one of the smartest decisions your organisation can make.
When the relationship between your business and one or more of its employees deteriorates, it is important to have a legal team available with sufficient experience to be able to deal with the issues that can arise. This is especially important given the high level of compensation that can be claimed if you get things wrong. You will want to make certain that the best interests of your business are protected. And, where a settlement is reached that it is binding and minimises the risk of any future claims. Our employment law team will provide the clear advice your company requires.
We advise employers on tactics around exits and severance packages. Our advice is clear and concise. We find innovative and commercial solutions for our clients where they need to deal with personnel changes. Having proper agreed exit strategies in place will protect your business.
Experienced London Exit Strategy & Settlement Agreement Solicitors
Negotiations and decisions around when to offer settlement terms can present a number of challenges. Typically, this should involve careful consideration of tactics and options. We can provide clear advice on possible claims and their potential value, allowing you to make an informed decision for your organisation.
Once settlement terms are reached, we ensure that the terms are binding, either by way of settlement agreement (formerly compromise agreement) or COT3, and that the risk of any future claims is closed off.