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Settlement Agreement In Work

However, the law that concerns them can be complex and it is always a good idea to seek professional advice before you start going down the path of the settlement agreement. The agreement generally specifies that certain things are expressly excluded from the scheme, so that, for example, the worker does not give up the pension rights he has acquired and is free to claim bodily injury in respect of damage suffered in the course of his employment but of which he is not aware at the moment. Settlement agreements are often used to settle disputes between an employee and an employer regarding the termination of the employment relationship. In the past, they have been called compromise agreements, but this changed in 2013 to transaction agreements. However, they can also be used to resolve ongoing workplace disputes that do not involve dismissal, such as bonuses, holiday pay or sick pay. . . .

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