Exit Strategies and Settlements

Exit with confidence

Whether you are planning a strategic career move or facing an unexpected departure, having a clear exit strategy is crucial, particularly for senior executives and professionals. A well-negotiated exit can protect your reputation, secure appropriate compensation, and facilitate a smooth transition to your next opportunity. Our Employment lawyers provide expert legal advice on all aspects of exit strategies and settlement agreements, ensuring your interests are protected.

Settlement Agreement

A settlement agreement (formerly known as a compromise agreement) is a legally binding contract that resolves employment disputes without the need for Employment Tribunal proceedings. These agreements typically include provisions for compensation, outstanding holiday pay, notice pay (or payment in lieu of notice), and sometimes outplacement services to assist with finding new employment. Critically, for a settlement agreement to be valid, you must receive independent legal advice on its terms.

Contentious exits often involve disputes over the reasons for departure or the terms of termination. We can advise you if you believe you have been constructively dismissed (forced to resign due to your employer's conduct) or unfairly dismissed. Settlement agreements can provide a mutually agreeable resolution to these types of disputes, avoiding the time, cost, and stress of Employment Tribunal litigation. They can also resolve other potential claims, such as those related to discrimination or breach of contract.

Planned Exits

Even when a departure is planned, there is often scope to negotiate more favourable terms. We can assist you in securing an enhanced severance package, extending benefits, or negotiating a suitable reference. We can also advise you on how to structure your exit to minimise any potential negative impact on your future career prospects and ensure a smooth transition to your next role.

Whether your departure is planned or contentious, we can provide expert legal guidance. We understand the sensitivities involved in senior-level exits and offer discreet, strategic advice tailored to your specific circumstances. We are experienced in negotiating favourable terms in all situations, from amicable departures to complex disputes. Contact us today for a confidential discussion.