The transaction contract relates to your termination payment if it is not processed. If you do not have a contract or your contract does not contain a provision that your employer can make a payment instead of termination (PILON), your employer may pay for your termination as a gross amount. There will be no additional fees for your employer, otherwise that money would have gone to HM Revenue and Customs. As a general rule, the employer will require you to agree to a clause in the settlement agreement that states that you will not “butcher badly” the company or one of its employees. In exchange, you can ask for something equivalent. Some employers are not willing to accept such an alliance because they say that a company cannot promise not to “mislea you” because it does not have sufficient control over all its employees. One way to deal with this is to say that the employer will do its best to ensure that there is no “bad mouth” or that it orders its employees to speak about you only under the conditions defined in an agreed reference/exit reason. If there are employees who are particularly concerned, you may have “bad mouth,” you should include these people in the settlement agreement. Once you are aware of all this and have received independent legal advice, you will be in a better position to judge for yourself whether you are satisfied with the comparison package. You may be able to negotiate a transaction amount for personal injury. In employment situations, psychological injuries, such as depression, etc., are the most common types of personal injury.
I have been offered a transaction contract – do I have to accept it? The fee you pay usually covers the first consultation on the effects of signing the contract and we will always try to cover our fees from your employer and not from you. Monaco Solicitors are experts in the management of all aspects of settlement agreements. These range from consultation, to the rights you may have, to negotiating an agreement on your behalf, to consulting an agreement that may have already been proposed to you. If it does not meet all of these conditions, it is not valid and you do not have to comply (although your employer does). This means that you can still take legal action in an employment tribunal. Talk to your nearest citizen or local lawyer if you feel your agreement is invalid. If you`re already gone, then it`s a blow to your chances of getting a decent colony.