Deed of Release Solicitor - Employment Claim
A deed of release is a document that recognises that a compromise has been reached between an employer and an employee that is used to deal with a dispute or potential dispute between the parties to the agreement. In most circumstances in which a deed of release is used, employment is being terminated and the employer agrees to pay financial compensation in return for the employee agreeing not to take legal action in relation to any problems that have arisen during the course of the employer/employee relationship. Other circumstances in which a deed of release may be used relates to litigation of employment related matters where a settlement may have been agreed before, during or after completion of the legal process.
A deed of release can be a complex document requiring great skill by solicitors in drafting to ensure that all parties to the agreement are in accordance with one another. It is essential that both parties obtain independent legal advice from a solicitor on the content and effect of a deed of release to ensure that both parties’ interests are safeguarded.
A deed of release usually ensures that an employee receives more than they might be otherwise be entitled to contractually or by statute upon termination of the employment. This enhanced compensation is offered by the employer to buy certainty to ensure that their financial liability is quantified at an early stage. The employee is usually bound by the deed of release and thus prevented from taking any further legal action against the employer.
Specialist Employment Solicitors
Our deed of release solicitors are expert employment lawyers who deal with drafting original agreements and advice on third party legal documents. If you have received a deed of release for consideration from your employers solicitors it is essential that you take independent legal advice prior to entering into an agreement to compromise the disputed issues which may prevent further legal action in the future.