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One Stop Solution for Compromise Agreement London at Solomonshepherd.Com

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In the UK, a Compromise Agreement is a particular sort of contract, keeping pace by statute, between an employer and its employee or ex-employee under which the employee gets concern often a settled economic sum, in return for agreeing that he or she will have no more claim against the employer as a result of any breach of a legal obligation by the employer. Every agreement should be customized to meet the details and conditions of the case. It is as a result hard to accept a one size fits all approach to drafting of a compromise agreement, although this approach might be used if appropriate in more generic cases. The detail and existence of a compromise agreement should remain confidential from third parties. The advantage for the employer is that they are able to draw a line under an employee's departure or complaint and are protected from future claims. The advantage for the employee is the consideration, such as a financial sum, received in return is provided for