​Settlement Agreement – time to consider

I just wanted to publish this quick post because I’ve had the same question pop up twice this week.

My clients were obviously concerned that they had been offered a Settlement Agreement out of the blue and they didn’t know if they had a timescale in which to agree them.

In clarification, if you are you are provided with a Settlement Agreement by your employer then you should ask them for a fair amount of time to consider your options, the ACAS (Advisory, Conciliation and Arbitration Service) Code of Practice suggests a minimum of 10 working days.

This period of time will allow you to discuss the agreement with a solicitor and allow them to assist you in a) understanding the agreement and b) discover whether or not the settlement if fair.

Your solicitor may also be able to negotiate your settlement to try and improve the amount payable.

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