Please note that each situation is different and that there may be specific circumstances relevant to your case that may affect the value (usually a capital gain). If you have obtained a transaction contract from your employer, contact one of our employment lawyers, Imogen Finnegan, Helen Monson or Rhodri Thomas, for more information. Sometimes your employer (or you) may decide to offer a transaction contract rather than go through a performance management procedure or a performance improvement plan (PIP). If this is the case, the value of your transaction can be summed up in the following costs: Therefore, if you are unsure why a transaction contract was offered to you, we recommend that you seek urgent legal advice before reacting or acting. Many public sector organizations will not negotiate transaction or compromise agreements with their employees. If this is the case, then you must take any action against it in an employment tribunal and the calculator will not award an amount for a transaction contract. Use our award-winning calculator to estimate the value of your potential transaction agreement (formerly known as a compromise agreement): in our transaction agreement calculator (also known as a compromise calculator), we assume that you have been working for more than 2 years, that you have been fired or forced to resign, and that you have evidence that dismissal (or constructive dismissal if you resigned) was legally unfair. But the Commission is another thing – we have allocated a larger part of your commission, because normally the commission is contractual. As your employer will probably dispute this figure, we have not disclosed 100% of it to you in the amount of the transaction contract calculated. Do you need help calculating a billing agreement in a UK transaction agreement? Keep reading about everything you need to know about billing contracts and how to make sure you receive the compensation you are owed. The calculator only calculates a slight increase in your billing/compromise amount calculator in this case, because discrimination is very difficult to prove in practice.
If others leave, the computer probably won`t calculate a payment for you. For example, if your entire department were relocated abroad, it would be virtually impossible to prove that your individual dismissal was unfair. A transaction agreement is a legally binding document between you and your former employer. It allows you to leave the job with financial compensation and possibly other benefits. In return, this prevents you from taking action against the employer in the labour tribunal or civil courts. If your employer has discussed the possibility of a transaction agreement with you, please contact a Cavendish Employment Law Employment Law employment lawyer. We help you get the best possible outcome from your labour dispute. The employer`s financial situation is another factor that can help negotiate. If an employer is in a strong financial position, it can pay a higher price in the transaction contract. Employers don`t want to pay you to hide it – the so-called gag clause – because if the word comes out and you still go to the press? Then they made things worse for themselves, paying you to sign a transaction contract and keeping quiet. The assessment provided by our billing calculator is based on your right to pay based on your notice and the legal compensation you receive (which varies each year).