🧑⚖️ Settlement Agreement
A settlement agreement is a legally binding agreement between an employer and employee that settles an employment claim or grievance. The agreement will usually include a payment of money by the employer to the employee in exchange for the employee agreeing not to pursue the claim or grievance any further.
Note: Working on a legal issue?
Associated business activities
Agree settlement terms with employee
The three main reasons to agree to settlement terms with an employee are to avoid court costs and time, the risk of losing the case, and to be able to control the terms of the settlement.
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