Settlement agreement instead of redundancy?
As an alternative to redundancy dismissal, employers will often consider using settlement agreements to bring affected employees’ employment contracts to an end. Terminating employment through a settlement rather than redundancy means the employer does not have to follow the full redundancy process and removes the associated risk of tribunal claims. A settlement agreement can often be […]
Making a settlement agreement with an employee
It is often in the best interest of employees and employers to resolve an issue through mediation, discussions or formal processes. However, where these practices fail, another option is available to end a working relationship — a settlement agreement mutually. When making a settlement agreement, the correct processes must be followed to ensure it is […]
COT3 agreement: settlement FAQs
A COT3 agreement sets out the terms of a settlement agreement between an employer and employee. The COT3 forms part of the ACAS early conciliation process, intended to help resolve employment claims coming before the employment tribunal. The following article sets out guidance on COT3 agreements, including whether they are enforceable. What is a COT3 […]
