COMPROMISE AGREEMENT OR SETTLEMENT AGREEMENT
Compromise Agreement is a far better way to settle a dispute. A compromise agreement is a legal document/agreement between an employer and an employee whereby the employee agrees to compromise or not to bring a claim against the employer in relation to any contractual or statutory claims they may have in relation to their employment or the manner of its termination.
a) This agreement must be in writing
b) This compromise agreement must relate to particular proceedings (i.e complaints)
c) The Employee must have received independent advice on the compromise agreement effects their liability to pursue their rights.
d) The independent adviser must be identified