Efficient, and sound employment law advice

A t YVA, we provide fast, efficient, and sound employment law advice to help negotiate your settlement agreement (also known as compromise agreement).

Whether you are looking to sign your settlement agreement and run or aiming to negotiate your termination package, our service is tailored towards your individual needs.

We understand the personal impact on you of being asked to sign a settlement agreement and this may be a difficult and uncertain time for you.

We will guide you through the process carefully and provide you with all the support you need.

If you have a question click here to get in touch.

How much will it cost?

In most cases, your employer will contribute towards your legal fees. This costs contribution is usually sufficient for us provide you with the required legal advice, meaning that you will not have to pay anything towards our fees. On some occasions your employer’s contribution may not be sufficient and we will discuss this with you if appropriate.

What about tax?

Generally, any sums owed to you under your contract of employment, such as wages, holiday pay and bonus will be subject to income tax and National Insurance deductions. Any redundancy payment or compensation can be treated as damages and can be paid tax free up to £30,000.

What is a settlement agreement?

A settlement...

or compromise agreement is a legally binding agreement between an employer and employee to end employment, settle a claim, or refrain from instituting or continuing with a legal claim in relation to an issue arising out of employment or its termination.

Peace of mind

It gives the employer the comfort of knowing an employee will not take any further legal action in relation to any dispute and may therefore lead to a move favourable package.

Release

It will give you the comfort of knowing that your employer is legally obliged to pay you the settlement sum agreed and (if relevant) may release you from your obligations or restriction contained within a contract of employment.

Independent advice

You are required to take independent advice on the terms and effect of a settlement agreement before it will be considered legally binding and complete.

Specialists

Mario Economides

Partner

020 8445 9898

I joined YVA in July 2010 having spent over 14 years with a city practice. I became a partner in April 2013. I am an experienced litigator both in the High Court and County Court with diverse knowledge and experience in commercial and property litigation, Landlord and Tenant disputes including service charge disputes and commercial lease renewals, obtaining Freezing Injunctions, search and Seizure Orders, TOLATA claims, partnership disputes, contract disputes and negligence claims. My practise extends to employment law advising on claims for unfair dismissal, discrimination, harassment and redundancy and have successfully represented both employers and employees in cases before the employment tribunal. I also have vast experience in both commercial and residential property transactions as well as company acquisitions including the purchase of Luton Town Football Club. Away from the office once a keen sportsman I am now resigned in my latter years to being a spectator.

Arouge Ali

Solicitor

020 8445 9898

I joined YVA Solicitors in October 2019 as a litigation solicitor. I qualified as a Solicitor in 2008 and have extensive experience in representing clients in commercial and civil disputes resolution in the County Court and High Court. My experience includes a wide variety of commercial disputes; residential property disputes; Landlord and Tenant disputes; negligence claims; disrepair disputes; contractual disputes; service charge disputes; and employment matters including compromise agreements. Outside of the office, I enjoy keeping fit and attending my local gym.