Since you are giving up the rights to the transaction agreement, the law requires you to call yourself an advisor by a relevant independent advisor. I just wanted to let you know that Jane Biddlecombe has now entered into a transaction agreement with my employers and her income protection insurers, and we are very pleased with the result. Jane was able to secure a tax-free payment because of my disability and also improved my employer`s offer with respect to redundancy and leave rights. None of this would have been possible without Jane`s safe and constant handling of the case. She had a lot to do to correct my employer`s mistakes in the agreement, and she was very appreciated. We would not hesitate to reuse your business and we will recommend you to others. A transaction contract is an offer and can therefore be accepted, rejected or negotiated. We can help you negotiate the best possible terms for each proposed transaction agreement and advise you on your legal rights and remedies. You will know more about transaction agreements and how we can help you: your lawyer`s legal task is to explain the terms and effects of the transaction contract itself.
However, your lawyer is happy to advise you on the merits of any legal rights you have against the employer. This includes checking whether you may have an unjustified right to dismissal or protection from discrimination. This will help you determine if you have a fair billing plan. Transaction agreements are usually concluded within a relatively short period of time. If you are satisfied with the content and the amount of money that is paid, then we should be able to complete the work in a few days. If there are negotiations, it will depend on how quickly your employer responds, but we assume that most agreements will be concluded in a matter of weeks. Transaction agreements are used in different circumstances when an employer and a worker agree that the employment is terminated by agreement in exchange for severance pay. They are particularly common in cases of voluntary redundancies. A transaction contract can also be a clear break between the employee and the employer, and with prohibitive costs to bring or defend a legal action before the labour tribunal, it is often an inexpensive, reasonable and consensual solution to resolve sometimes difficult situations in the workplace. We have one of the largest work teams in the UK with branches all over the country.
We are experts in getting the best possible solutions for our customers and have experience in a variety of industries. We advise you on your transaction contract and explain each section. The most important clauses on which we will draw your attention are: a transaction contract is a contract between the employer and the worker. It is generally used as a means of providing an employee with a sum of money (compensation) in return for the worker who waives his or her rights to assert certain labour court claims against the employer. Transaction agreements (formerly known as compromise agreements) are legally binding contracts that are used to terminate an employment relationship under agreed conditions. They prevent a person from filing a labour application against his employer in the cases covered by the agreement.