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Settlement Agreement

Use it when ending employment on agreed terms.

  • About 5 pages
  • 17 drafting notes in the margin
  • 9 clauses
  • Word (.docx)
  • England and Wales

What is in it

  1. Definitions
  2. Termination of employment
  3. Payments
  4. Settlement of claims
  5. Independent advice
  6. Confidentiality, protected disclosures and conduct
  7. References and announcement
  8. Cooperation and resignation
  9. General

Plus a schedule of the commercial details and signature blocks where the document needs them.

Read the opening

The first part of the template, as it reads in Word. Blanks are shown as lines; the drafting notes sit in the margin of the file.

SETTLEMENT AGREEMENT

This Settlement Agreement (the “Agreement”) is made on ____________________ between:

(1) ____________________ LTD, a company registered in England and Wales (registration number ____________) whose registered office is at ______________________________________________ (the “Company”); and

(2) ____________________ of ______________________________________________ (the “Employee”).

Background

(A) The Employee has been employed by the Company since ______________ as ____________________.

(B) The employment will end on the Termination Date, and the Parties have agreed terms for ending it, and for settlement of any claims, as set out in this Agreement.

1. Definitions

“Adviser”: the relevant independent adviser named in clause 5.1.

“Claims”: all claims, complaints and rights of action (whether or not they are or could be in the contemplation of the parties at the date of this Agreement, in any jurisdiction) that the Employee has or may have against the Company, any group company and their officers, employees and shareholders (“Associated Persons”) arising from the Employee’s employment, its termination, or otherwise, including those listed in Schedule 1.

How it works

  1. Pay by card. The download starts at once and the link keeps working.
  2. Open the Word file. Fill in the blanks, pick the options marked with boxes, read each note in the margin.
  3. Delete the notes and the notice box, then sign. Or send it to us for a fixed-fee check first.

Word template

£59 Instant download

One-off. No account needed. VAT not charged.

Or fill it in online (platform plan)
  • Drafted by a solicitor for England and Wales
  • Drafting notes explain every choice
  • Instant download, link works again later
  • £50 off a fixed-fee review once filled in (from £99)

Need more than one?

Complete template library, £299

All 40 documents, with the index and guide.