If you have obtained a transaction contract, you will have to have it declared by an independent lawyer and your employer will pay for that advice. Is that really all I need to know about agreements? The requirement to consult you is much more difficult if 20 or more people are threatened with dismissal within 90 days. In this case, your employer should consult for 30 days or more. Probably! But this information does not replace technical legal advice on your situation. If you would like additional advice or if you intend to obtain a transaction agreement, contact Truth Legal to agree to a free, non-binding consultation with a lawyer. This article explains whether and how it is possible to negotiate a better severance pay than is already proposed and to obtain payment as part of a broader settlement agreement (formerly a compromise agreement). It also provides additional practical help and advice on what to do if you are about to be laid off or have recently been laid off. Transaction agreements are contracts that prevent workers from asserting their rights against their employers. Many names and slang terms are used for them: most employers pay the legal fees for an employee to get advice on a work balance project, so that all your trial costs are often covered. We are currently supporting a number of asda, British Gas, Morrisons and Vodafone employees in their transaction agreements. I have been offered a transaction contract – do I have to accept it? This voluntary dismissal agreement sets out the conditions for the termination of a worker`s employment after the acceptance of his application for voluntary dismissal. It should be used in conjunction with the letter setting out the terms of a voluntary dismissal agreement. In the wake of the coronavirus crisis, many employers are taking their employees on vacation to avoid layoffs.
However, if layoffs become unavoidable, an employer may offer a transaction contract, even if it is on leave. Another important tip is to make sure you have the right lawyers who act for you. If you don`t believe in the skills of your lawyers, always remember that you have the right to change lawyers if you wish. At Truth Legal, we have extensive experience in successfully negotiating transaction agreements. When an employer offers a number of employees a settlement contract, all of which requires independent legal advice, this can be a considerable effort, especially when a number of different lawyers are responsible for acting for each worker to advise them on the terms.