This is a letter that a lawyer would send to an employee client that contains commentary on a standard document called a "Settlement Agreement: Employment (Long Form)." The letter should be adapted to reflect any specific instructions given by the client.
A settlement agreement is a legally binding agreement between an employer and employee that settles an employment claim or grievance. The agreement will usually include a payment of money by the employer to the employee in exchange for the employee agreeing not to pursue the claim or grievance any further.
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Agree settlement terms with employee
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Use this agreement when bringing an advisor on board to formalize variables such as job role and responsibilities, duration of contract and compensation. The agreement also sets forth certain key terms such as confidentiality and intellectual property.
This template is to be used the next time your company needs to set out terms with an individual (i.e. not to be used for agreements involving a personal service company as defined within IR35). It sets out the terms on which a contractor provides services to a client company, and is perfect for freelance software developers, marketing consultants, designers, PR/HR/recruitment consultants.
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