Settlement Agreement Lawyers & Solicitors – Redundancy

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Employment Lawyers London – Job Offers during Period of Redundancy – Compromise Agreements

May 18th, 2010 · 5 Comments · About Compromise Agreement Blog, Compromise Agreement Solicitor, Compromise Agreement Solicitors, Compromise Agreements, Consultation, Employment Lawyers, Employment Solicitors, Job Offer during consultation period, Offer from your employer, Settlement Payment, Signing Compromise Agreements, Termination Payment, Your Compromise Agreement is a Binding Contract

One of the issues that employees tend to face is when they can start looking for a new job if faced with redundancy. You can start straightaway, but if offered a job the employee must inform the employer as one of the provisions in a compromise agreement is that at the date of signing the compromise agreement the employee has not been offered a job:

…The employee warrants as a strict condition of this Agreement that, as at the date of this Agreement,  the employee has not:

 (a)        been offered any employment or consultancy or similar earning activity by any person, company, firm or other organisation whatsoever,

 (b)        received an indication from a third party that you may receive such an offer  from any specific company, business entity, person or organisation, or

(c)        accepted any such employment or consultancy or other similar earning activity….

The employee should ensure that this is brought up during negotiations. If the employee accepts the offer of a new job and signs the compromise agreement with this provision in it, the employee would be in breach of warranty and may have to repay some of  the settlement pay to the employer.

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© 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.


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