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If your employer terminates your contract and offers you further financial compensation or another incentive, usually beyond your contractual entitlement, then they should provide you with a written Settlement Agreement.
If negotiated properly, a Settlement Agreement can be a very effective way to ensure that you are adequately compensated for the termination of your employment without the need to bring a formal claim against your employer.
Claims against your employer can involve expensive employment lawyers and are usually time-consuming, energy-draining and may attract potentially damaging publicity.
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