The Settlement Agreement Compensation Payment is commonly used in England and Wales to resolve employment disputes or facilitate mutually agreed terminations. This document is essential when employers and employees wish to achieve a clean break while ensuring legal certainty and protection for both parties. It typically arises in situations of redundancy, performance issues, or other workplace disputes where both parties prefer to avoid litigation. The agreement must comply with the Employment Rights Act 1996 and related legislation, and includes detailed provisions about payment terms, tax treatment, and mutual obligations.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of all parties to the agreement including employer and employee details
2. Background: Context of the dispute, employment history, and reason for settlement
3. Definitions: Key terms used throughout the agreement including defined terms for Settlement Sum, Termination Date, etc.
4. Settlement Sum: Details of compensation amount, payment terms, and timing of payments
5. Tax Treatment: Breakdown of taxable and non-taxable elements, including treatment under Income Tax laws
6. Waiver of Claims: Employee's comprehensive waiver of legal claims against employer and group companies
7. Confidentiality: Terms regarding confidentiality of the agreement and its contents
1. Reference Provision: Terms regarding future employment references and agreed reference wording
2. Post-termination Restrictions: Restrictive covenants, non-compete clauses, and ongoing obligations
3. Company Property: Requirements and timeline for return of company property and assets
4. Ongoing Obligations: Continuing duties post-settlement including confidentiality and intellectual property
1. Schedule 1: Payment Breakdown: Detailed breakdown of settlement payment components including statutory and ex-gratia payments
2. Schedule 2: Claims Being Settled: Comprehensive list of statutory and common law claims being waived
3. Appendix A: Agreed Reference: Template of agreed employment reference for future use
4. Appendix B: Adviser's Certificate: Independent legal adviser's certification as required by law
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Work Settlement Agreement
An England & Wales legal document settling employment termination terms, including compensation and confidentiality.
find out more
Settlement Agreement With Agreed Judgment
An England & Wales legal document resolving disputes with enforceable settlement terms and agreed court judgment.
find out more
Settlement Agreement Property
An England & Wales legal document resolving property disputes with agreed terms and compliance with property law.
find out more
Separation Agreement Property Settlement
An England & Wales legal document detailing property division during marital separation, pending potential divorce proceedings.
find out more
Mutual Consent Divorce Agreement
An England & Wales legal document detailing mutual divorce terms, including asset division and child custody arrangements.
find out more
Marriage Settlement Agreement
An England & Wales legal document detailing financial arrangements between spouses during and after marriage.
find out more
Landlord Tenant Settlement Agreement
An England & Wales legal document resolving residential tenancy disputes, detailing settlement terms and compliance with housing laws.
find out more
Judgment Settlement Agreement
An England & Wales agreement modifying court judgment terms for flexible debtor repayment arrangements.
find out more
Injury Settlement Agreement
An England & Wales legal document finalizing personal injury claims, detailing settlement terms and obligations.
find out more
Inheritance Settlement Agreement
An England & Wales legal document formalizing estate distribution and resolving inheritance disputes among beneficiaries.
find out more
Global Settlement Agreement Divorce
An England & Wales legal document detailing mutual divorce agreements on assets, finances, and family responsibilities.
find out more
Full And Final Settlement Agreement For Employee
A legal document finalizing an employee's compensation and obligations upon termination of employment.
find out more
Estate Family Settlement Agreement
A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.
find out more
Divorce And Financial Agreement
A legal document from England & Wales granting power of attorney for financial and property affairs management.
find out more
Divorce Agreement
A legal document from England & Wales granting power of attorney for financial and property affairs management.
find out more
Dismissal Settlement Agreement
An English legal document finalizing employment termination terms and settling all potential claims between employer and employee.
find out more
Collision Settlement Agreement
A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.
find out more
Car Settlement Agreement
A legal contract in England & Wales outlining terms for the sale and transfer of property ownership.
find out more
Agreement For Family Settlement
A legal agreement in England & Wales outlining terms for the transfer of property ownership between parties.
find out more
Amicable Settlement Agreement
A legal document from England & Wales granting power of attorney for financial and property affairs management.
find out more
Amending Divorce Agreement
A legal document from England & Wales granting power of attorney for financial and property affairs.
find out more
Accident Private Settlement Agreement
A legal agreement in England & Wales outlining terms for the transfer of property ownership between parties.
find out more
Hold Harmless Settlement Agreement
A legally binding agreement under English and Welsh law where one party releases another from liability and agrees to provide indemnification for specified claims.
find out more
Small Claims Court Settlement Agreement
A legally binding agreement under English and Welsh law that documents the settlement terms between parties in a small claims court dispute.
find out more
Settlement Stipulation Agreement
A legally binding agreement under English and Welsh law that documents the terms of settlement between disputing parties.
find out more
Average Settlement Compromise Agreement
A legally binding agreement under English law that settles general average claims between maritime parties following a shipping incident.
find out more
Limited Release Settlement Agreement
An English law agreement that settles specific claims between parties while preserving rights to pursue other claims not explicitly covered in the settlement.
find out more
Divorce Settlement Agreement Pension Fund
A legal agreement under English and Welsh law governing the division of pension assets between divorcing parties.
find out more
Partial Divorce Agreement
A legal document under English and Welsh law that establishes partial terms of agreement between divorcing spouses, leaving some matters for future resolution.
find out more
Non Payment Of Settlement Agreement
An English law agreement addressing breach of settlement terms through non-payment, outlining recovery mechanisms and enforcement options.
find out more
Federal Settlement Agreement
A legally binding agreement resolving disputes with federal entities under English and Welsh law.
find out more
Reaffirmation Settlement Agreement
An English law agreement that reconfirms parties' commitments to an existing contract while potentially modifying terms.
find out more
Pre Litigation Settlement Agreement
An English law agreement that resolves disputes before formal legal proceedings begin, setting out settlement terms between parties.
find out more
Neutral Reference Settlement Agreement
A legally binding agreement under English and Welsh law that establishes agreed terms for providing employment references.
find out more
Property Settlement Agreement After Divorce
A legally binding agreement under English law that documents the division of property assets between divorcing spouses.
find out more
Foreclosure Settlement Agreement
A legal agreement under English and Welsh law that settles mortgage default issues between lender and borrower, avoiding full foreclosure proceedings.
find out more
Family Settlement Agreement Probate
A legally binding agreement under England and Wales law that modifies the distribution of a deceased person's estate with the consent of all affected beneficiaries.
find out more
Bullying Settlement Agreement
A legally binding agreement under English and Welsh law that resolves workplace bullying allegations and establishes settlement terms between employer and employee.
find out more
Agreed Reference Settlement Agreement
A legally binding agreement under English and Welsh law that establishes agreed terms for employment references between employer and employee.
find out more
Employee Conflict Resolution Agreement
A legally binding agreement under English and Welsh law that establishes procedures for resolving workplace conflicts and disputes.
find out more
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)