Compromise Agreement Solicitors & Lawyers » Return of Company Property after Signing a Compromise Agreement

Compromise Agreement – Post Termination Provisions – Redundancy

admin — Tue, 21 Jun 2011 23:23:46 +0000

We are advising a number of employees on post termination provisions in their contracts of employment and compromise agreements. You must ensure as an employee that you are not setting up in competition with your employer or soliciting any of your employer’s clients. You must take advice on post termination provisions in your compromise agreements.

Employment Lawyers London, Termination date, Compromise Agreement, Redundancy Payment

admin — Sat, 05 Feb 2011 22:13:07 +0000

Where a compromise Agreement is not signed prior to the termination of an employee’s employment, but is signed afterwards, it is important that the ‘Return of Company Property’ clause is amended to ensure that the employee is not in breach of the compromise agreement the moment it is signed.

If you require legal advice on a compromise agreement, please contact RT Coopers at enquiries@rtcooperssolicitors.com

Compromise Agreement

Employment Lawyers – Purchase of Company Car – Compromise Agreement

admin — Thu, 18 Mar 2010 21:50:47 +0000

We are seeing a number of top executives being given the option to purchase their company cars when made redundant. These employees tend to be very senior high earners. Usually a vlaue will be put on the car by the employer, but still favourable to the employee. The employee is usually asked to confirm in writing that the employee would like to pruchase the car and have a deadline by which to do so after the termination date, thereafter the offer lapses.

If you require further information please contact us at enquiries@rtcooperssolicitors.com or visit one of the following pages:

© RT COOPERS, 2010. This Briefing Note does not provide a comprehensive or complete statement of the law relating to the issues discussed nor does it constitute legal advice. It is intended only to highlight general issues. Specialist legal advice should always be sought in relation to particular circumstances.

Compromise Agreements – Return of Property by Employee

admin — Mon, 18 Jan 2010 21:50:04 +0000

In some cases an employer may allow an employee to retain company property. This has to be negotiated and agreed between the employee and employer.

The property must be listed in the compromise agreement.

Not all employers will agree to this.

Employment Lawyers London – Expenses Compromise Agreements

admin — Thu, 26 Nov 2009 00:45:45 +0000

It is worth mentioning again that if you are an employee and you have been asked to sign a compromise agreement, you should submit your final expenses claim (form) to your employer within a specificed time (usually this time period is set out in your contract of employment). This is usually within five days of completion and approval of these expenses. Expenses are usually paid by the employer in the normal way. Employers will usually reimburse an employee for any expenses reasonably and necessarily incurred in the proper performance of an employee’s duties on production of the appropriate receipts and in accordance with the employer’s expenses policy.

Advice on Employment Law – Return of Property to Employers

admin — Mon, 16 Nov 2009 23:10:22 +0000

If you are an employee, your employer may ask you to give a warranty in your compromise agreement that before the Termination Date you will delete irretrievably any information relating to the business or business contacts of the Employer that you have stored on any magnetic or optical disk or memory of any personal electronic devices, including computers of any description, and/or mobile phones.

We have dealt extensively with warranties in this blog.

RT Coopers Solicitors can advise you in this regard. Contact enquiries@rtcooperssolicitors.com for a meeting or more specialist advice. We will give you an indication of our costs.

Warranties in Compromise Agreements Continued – Return of Company Property

admin — Mon, 06 Apr 2009 20:19:34 +0000

One of the issues we have dealt with previously is the return of company property. You are required to give a warranty to your employer that at some point on or before the Termination Date that you will return to the company all company property such as: documents, files, correspondence, keys, business cards and other property belonging to or relating to the company and its business and in the case of the documents, files and correspondence referred to, that you have not taken or retained and will not take or retain any notes, extracts, photocopies or electronic copies of such documents.

There might be a delay in receiving payment, if you fail to return company property.

When would you get Paid?

admin — Fri, 13 Mar 2009 08:12:05 +0000

Your employer without any admission of liability will pay you within 14 – 60 days of the latest of the following occuring:

The Termination Date;
Receipt by your employer of the signed copy of your Compromise Agreement (signed by you and witnessed by a third party) and containing the Independent Adviser’s certificate (signed by an independent lawyer such as a lawyer at RT Coopers); and
Receipt by your employer of any property belonging to your employer that is in your possession.

Otherwise there might be a delay in receiving your redundancy payment.

Returning of Documents

admin — Thu, 05 Mar 2009 23:09:38 +0000

You must be aware that documents belonging to your employer that might be on your home computer or laptop may either have to be removed from your computer and/or hard copies returned to your employer. If the laptop belongs to your employer, then this would be retunred with the documents. This should not be overlooked.

Return of Company Property – Compromise Agreements

admin — Tue, 10 Feb 2009 14:41:52 +0000

You will be required to retun all company property including property belonging to or relating to the business of your employer or its clients or customers before the termination date, at least before you are paid by your employer. Sometimes, employees forget that they have the employer’s property in their possession, it might be something as small as a key to papers, documents, correspondence, equipment, computer equipment, computer disks and software (including all passwords), specifications, reports, records, cheques, credit cards, list of clients and customers, address lists, address books, files or books.