What are the benefits of a settlement agreement?

A Settlement Agreement provides the employee with a sum of money to help them to move on. It provides a clean and amicable break with your employer and gives the employer security and the knowledge that it is not going to be dragged into months of Tribunal proceedings where it has nothing to gain. Employment law is a minefield and when an employment relationship comes to an end it can descend into a dispute leading to an Employment Tribunal.