Background Information Investigation Bi - Fiona Martin explains why employers making redundancies should consider using Compromise Agreements A Compromise Agreement is a legally binding contract between you (the employer) and an employeet sets out a mutual agreement to terminate the employment relationship whereby the employee waves their right to bring any claim against you in a court or an Employment Tribunaln return they received an agreed sum of compensationuch Agreements are used as a means to an end by employers and employees seeking to avoid the costs, risks and delay of prospective legal proceedingsn short, they offer peace of mind on both sideshey are at the same time an opportunity for you to offer an enhanced package to the employee facing redundancyithout a Compromise Agreement you could face an Employment Tribunal claim about your decision and procedures in terminating the employment relationshipor example, there have been cases where disgruntled employees have used ex-gratia payments over and above statutory ... [More Info - Background Information Investigation Bi]
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