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SETTLEMENT AGREEMENTS

These were previously known as Compromise Agreements. These agreements are used where the working relationship between employer and employee is no longer continuing and act as a mechanism for employers to compromise/settle with an employee (other than future pension entitlements or personal injury) in exchange for paying the employee a sum of money. The employee must obtain independent legal advice about the Settlement Agreement for it to be binding. Generally the employer will pay the employee’s reasonable legal fees. SLSN’s members can help both employers and employees.