If your employment relationship ends through a settlement agreement, you may not have to act on your notice. Instead, your employer may decide to make a payment for the amount you would have earned during your notice. This means that the draft contract is «not registered» and cannot be presented to a court as evidence of a confession against one of the parties. The «bias-free» legal approach is based on the principle that it is useful for the parties to speak freely when trying to reach an agreement. If they know that not everything they say in these discussions can be used against them as evidence, it allows the parties to be more open. Another important tip is to make sure you have the right lawyers acting for you. If you don`t trust your lawyers` skills, always remember that you have the right to change lawyers if you wish. At Truth Legal, we have extensive experience in successfully negotiating transaction agreements. You and your employer can propose a transaction agreement. There are parts of the agreement that I don`t understand or can`t respect – does it matter? It doesn`t matter that most of the claims listed do not apply to you. The important point you need to understand is that after signing the agreement, you cannot assert claims against your employer. We are an experienced work team and all our lawyers are specialists in labour law.
Practice will fully advise you on all the effects of offering a settlement agreement and will endeavor to ensure that the amount offered is a reasonable amount and is not unfairly inflated by the employee`s lawyer. Transaction agreements are typically used when employers pay more than the legal minimum. The advantage for the employer to pay more is that the settlement agreement gives the certainty that there will be no litigation or debt afterwards. But depending on the circumstances, your employer can still fire you fairly. If you decline the offer, you may not have a better one. If you feel mistreated, you can still make a claim after refusing a transaction, but you may not receive as much money as you were originally offered. Remember that the terms of a transaction must be agreed between both parties and your lawyer can advise you on what would be appropriate in your circumstances.. . .