When making a Settlement Agreement, there is always the possibility of being taken advantage of if you lack the necessary knowledge and expertise in the law. It is, therefore, crucial to seek out advice from a specialist legal professional who will be able to give you the advice and guidance that you need to avoid falling into any of the potential pitfalls that can arise and ensure that you get the best possible Settlement for you in your specific circumstances.
Seeking Legal Advice
Seeking advice from a lawyer is the best way to achieve the best possible deal for you. They can advise as to whether the terms offered in the Settlement Agreement are fair and appropriate can be expected in your current situation, or whether you have the potential to achieve a better outcome should you take your claim to a tribunal.
Understanding Your Rights
Seeking legal advice is also the best way to ensure that you have a full understanding of the implications of signing the Settlement Agreement, both financially and otherwise. You solicitor will also explain the rights that you will be agreeing to waive should you decide to sign the Settlement Agreement. In some circumstances, your solicitor may be able to assist you by negotiating better Settlement Agreement terms or a higher payout for you.
Signing the Agreement
It is absolutely crucial for all parties to fully understand the terms of the Settlement Agreement and to be in agreement with them before signing the document, as once the document is signed it becomes legally binding and there is no way to withdraw from the Settlement Arrangement.
If you disagree with the terms of the Settlement Agreement, there is no requirement to sign it. You will preserve your rights to take the claim to tribunal as long as you are within the stipulated time limits. Your solicitor will be able to advise you with regard to this and will be able to advise you as to whether this is the right choice for you.
For more information or for expert advice on business or personal legal issues, contact us at info@carterbond.co.uk or visit our website www.carterbond.co.uk or call us on 020 3475 6751.
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