Settlement Agreement Template 

 

THIS SETTLEMENT AGREEMENT (the ‘Agreement’) is dated START_DATE

 

This Agreement is made between EMPLOYER (‘the Employer’) and EMPLOYEE (‘the Employee’).

 

1: Background 

 

1.1.     The Employee has been employed by the Employer as EMPLOYER since EMPLOYEE. 

 

1.2.     The Employer and Employee have agreed to settle the Particular Claims on the terms set out in this Agreement.

 

1.3.     The Employer enters into this Agreement without any admission of liability.

 

2: Definitions and Interpretations

 

2.1.     In this agreement:

‘Claims’ means any claim, claims or causes of action that the Employee has or may have against the Employer.

‘Particular Claims’ are those Claims which the Employee and Employer intend to be settled by this Agreement, arising out of the Employee’s employment or the termination of employment, as set out in Annex A [if the Agreement is being used in Scotland the following additional words should be inserted at the end of this clause ‘as set out in Annex A which is hereby incorporated into this agreement’].

........................................