WHY COMPROMISE AGREEMENTS?

If you settle a dispute with your employer, it can be important to have details of that settlement in writing and for the agreement to have legal effect. This helps ensure that the terms of the agreement are clearly understood and that neither side goes back on the agreement.

A settlement can be finalised through a private agreement between the parties, through a formal agreement brokered by the Advisory, Conciliation & Arbitration Service (ACAS) and recorded on one if its COT3 agreement forms, or through a compromise agreement.

ACAS brokered agreements and compromise agreements have become increasingly common in recent years because they are a legally recognised and safe way of settling disputes and minimise the danger of future complications or problems.