Podcast: Negotiating successful settlement agreements
Settlement agreements form an essential part of an employer's toolkit, providing a means to terminate employment on mutually acceptable terms without the risk of tribunal claims. Their success, however, depends on effective negotiation with the employee and compliance with technical rules.
Nick Chronias, partner at DAC Beachcroft LLP, joins us to discuss the key features of the settlement process including the difference between "without prejudice" discussions and "protected conversations", pitching the offer and the legal requirements that govern settlement agreements.