Compromise agreement

A Compromise Agreement is a contract between an employer and its employee (or ex-employee) that can be used in redundancy and dismissal situations. The employee will typically receive a negotiated financial sum in exchange for agreeing that they will have no further claim against the employer for any sums owed under the original contract of employment.

See also

• Layoff
• Outsourcing
• Restructuring
• Unemployment
• Severance package
• Voluntary Redundancy

External links

• Compromise Agreements UK specific information about compromise agreements and their legal ramifications.
• Compromise Agreements UK legal explanation of compromise agreements.
• Compromise Agreements Compromise Agreements explained to UK employees and UK employers