A new Acas Code of Practice on Settlement Agreements was introduced on 29th July 2013. One of the main changes – other than Compromise Agreements now being called Settlement Agreements – is that employers can now conduct pre-termination negotiations without having to worry about employees referring to these conversations as evidence in unfair dismissal cases. However, there are certain exceptions to this rule, so care must always be taken.
For further information on the new Settlement Agreements, see the Acas website.
If you would like to download a template Settlement Agreement, please take a look at the relevant section on the Simply-Docs website.