A “transaction agreement” is a legally binding agreement between the employer and the worker. As a general rule, it provides for compensation from the employer, for which the employee agrees not to assert the rights he could assert in an employment tribunal. The transaction contract may provide for, for example. B, payment instead of worker`s notice, which may or may not be taxable. The transaction contract is often accompanied by an agreed reference and your legal fees are covered by the employer. You must have your transaction or compromise agreement signed by a lawyer in order for it to be legally binding. However, the service we offer has many potential benefits for employees who enter into transaction agreements, including the guarantee that you get a good deal, regarding claims you have or could have against your employer (for example. B, dismissal or unjustified discrimination) and the compensation you would be likely to obtain if you had asserted a right and fully informed them of the potential impact of the contractual terms. beyond their “face value” to ensure that you are aware of what you are getting into by informing yourself of any “hidden trap” or restriction after termination, to ensure that you are aware of the potential tax effects of reaching the agreement and, if necessary, negotiate an increase in compensation proposed with our lawyers in practice.
, experienced and experienced trading skills to give you the best deal. This case shows that it is necessary to get out of the habit of simply offering a certain amount for the contribution of court costs, without thinking too much about the unique circumstances associated with the presentation of the transaction contract. It is therefore important that, as an employer, you have as much thought about what a fair and “realistic” contribution to a worker`s legal fees is as much as the amount of compensation offered. This is especially important if you want to be able to rely on the transaction contract to support a fee claim if the case is brought to court. Lodders` team of labour law experts will advise you on billing agreements. Whichever labour lawyer you`re talking to, they can help you get the best billing record for you. They give you simple legal advice in English so you know exactly where you stand. Because it is a legal requirement, otherwise the transaction agreement would not be applicable. Staff must have their own independent advisor to sign the agreement to confirm that independent advice has been given.