Agreement By Compromise

In addition, the employee understands and agrees that the terms of the confidentiality agreement signed by the employee are always in place for any termination of the employee`s employment relationship with the employer, as set out in this regulation, and the employee agrees to fully comply with the terms of this confidentiality agreement. The employee will not pass on the content of this compromise agreement to third parties. So, what is a compromise agreement and what is the benefit to you (and your employer) when using it? In January 2013, the UK government proposed a series of changes. This includes renaming compromise agreements to “settlement agreements”. For a transaction agreement to be valid, you must obtain independent legal advice. The interview with the right legal expert can make the difference in the outcome of your situation…