If you sign without independent legal advice, the contract is not valid. As a result, some employers may pay or contribute to your legal fees. The purpose of legal advice is to ensure that you understand the transaction contract and its consequences. Your advisor should have the terms of the agreement, its effects and they can also help you negotiate if you feel you are entitled to more than what is offered to you. What does the list of legislative acts of Parliament mean? There will be a long list of statutes in the compromise agreement (such as the Racial Discrimination Act, Employment Rights Act) and many others, including agreeing not to sue. You shouldn`t worry about that. Since the compromise agreement must be fully and definitively intended to address all the requirements, the employer must list them in order to enforce the agreement. Redundancy is a difficult and stressful process, but if you know your rights can make it a little more manageable. If you have been informed that your role is threatened with dismissal and you have questions about the next steps, or if you have been asked to sign a transaction agreement, you can contact us today on 023 8071 7717 or contact firstname.lastname@example.org by email. If the agreement is acceptable to you and there is no change and the board is understood by you and you do not need to read the consultation letter that confirms your meeting in time, in some cases we could have it executed there and then. But sometimes employers would prefer to include the lawyer`s name in the agreement. Farleys regularly advises employees on transaction agreements and can take the steps above to ensure the smooth running of the process.
If you are an employee and need advice on the terms of a proposed transaction agreement, you are a company that needs advice on a possible redundancy situation, or you are a company that wants to encourage a law firm to advise your employees or employees on the terms of a transaction agreement, please contact us on 0845 287 0939 or send your application online. At the end of the group meeting, one-on-one interviews or telephone meetings may be arranged with any staff member in a private meeting to take care of all instructions and advise them on the terms of the agreement; And even if you and the worker will not reach an agreement, there are certain circumstances where negotiations cannot be used as evidence in court proceedings by both parties to support their cases. Acceptance of the transaction contract would mean that you cannot apply for compensation in an employment tribunal.