- Company Law
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We will draft your compromise agreements for you.
The contractual rights of the individual will need examining in order to draft the compromise documentation accurately and as a company you will need to consider when company cars, laptops and company mobile phones will need to be returned to you. If such items are being given to the employee reflection of this needs to be written within the agreement.
Compromise agreements are not legally binding on either employer or employee until they are signed and dated by both parties. On the engrossment of the document, the terms contained therein become legally binding and what exists between the employer and employee is an enforceable contract which either party can sue on should any of the terms be breached.
If you already have your Compromise Agreements in place we will happily advise upon and sign off those agreements (not drafted by us) on behalf of your employees.
Discounts may be offered where there are multiple employees being laid off under Compromise Agreement Schemes. Talk to us about your business requirements.