UK Compromise Agreement Confidentiality Clauses
Signing a UK Compromise Agreement essentially means that the employee is agreeing to the terms of that agreement in return for the settlement contained within it.
An employment compromise agreement is designed to settle and employment related dispute between the employers and employee, often relating to termination of employment. It is a legally binding document, and therefore once it has been checked by independent legal experts and signed by the employee the terms must be adhered to in order to avoid breaching the terms of the contract.
There are a number of clauses that are often used as standard in such an employment compromise agreement, and this includes clauses relating to confidentiality. If the employee is agreeing to the settlement terms of the agreement and has signed the agreement it is important that he or she adheres to the confidentiality terms as well as all other terms included in the agreement.
When it comes to confidentiality clauses the exact terms of the clause or clauses can vary, so it is very important to check them carefully and determine exactly what the agreement requires you to do - or not do as the case may be - in order to adhere to the terms. In order for a compromise agreement to be legally binding you have to have received independent legal advice prior to signing it. At this point your solicitor will be able to go through the exact nature of any confidentiality clauses that are included so that you know exactly what it expected of you if you sign your UK compromise agreement.
Some confidentiality clauses included in these agreements will require you to agree to not speak to anyone about the actual terms of the agreement. Some clauses may require you to avoid mentioning that there has actually been any agreement at all. Some clauses will add a confidentiality clause with regards to talking to the press as well as about talking to colleagues or former employees about the issue relating to the agreement.
It is very important that you know what is expected of you when it comes to the confidentiality clauses included in these agreements and with the help of a specialist solicitor that deals with these contracts on a regular basis you can find out exactly what the terms of the employment compromise agreement means for you. This means that you can ensure that you abide by the terms as well as ensuring that your employer also abides by them and does not breach the contract.
About the Author
Bonallack & Bishop are a firm of UK Compromise Agreement solicitors (http://www.compromiseagreementsolicitorsuk.co.uk ) who specialise in advising you on your employment compromise agreement (http://www.compromiseagreementsolicitorsuk.co.uk/faqs.html ) Senior Partner Tim Bishop sees himself as a businessman who owns a law firm. He has expanded the firm by 1000% in 13 years.
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