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When Is A Settlement Agreement Used

If the amounts offered are satisfactory, or if you ask the lawyer to move forward despite the fact that you could get more in a court or tribunal, your lawyer will sign the settlement agreement to ensure a prompt settlement of the amounts offered. In dispute resolution in general, some of the most common factors that affect your settlement payment are: Most of the time, it will be a qualified lawyer, but it can also be a union representative or consultant authorized to advise on settlement agreements. You are then well placed to make a decision on whether or not to accept the settlement agreement. If you have premiums or commissions, the amounts due must be indicated in the agreement. A lawyer should review your contract to ensure that all contract premiums and commissions are paid in full. Each case is different; One person may be looking for money, while another person may need a good referral or even reinstatement in their job after a layoff. Most settlement agreements lead to a “clean break” – where employees and employers separate – but sometimes the employment relationship continues thereafter. Here are some examples: Most employers (and their lawyers) use settlement agreement templates that are designed as a “one-fits-all solution.” If there are claims that are obviously more likely to apply in your situation, these are sometimes mentioned separately in the agreement. These are sometimes referred to as “special requirements.” Unfair dismissal is the most common, but if you resign due to a health problem, discrimination based on disability would also be a special claim. For more information on settlement agreements, contact Julie Davis here. But that`s what it is – an agreement to settle a dispute (or potential dispute) between an employer and an employee. Your employer will discuss with you what should be in the agreement, either in person or in writing. .