Lancaster University has announced plans to cut costs by around £35 million, with more than 400 staff roles expected to go. For many, this means uncertainty about their jobs, income, and next steps. As voluntary redundancy offers and settlement agreements begin to circulate, understanding your rights and getting independent legal advice is essential.
What Is a Settlement Agreement?
A settlement agreement is a legally binding document between an employer and employee that confirms the terms of ending employment. In exchange for compensation or benefits, the employee agrees not to bring certain legal claims such as unfair dismissal or discrimination. To be valid, the employee must receive independent legal advice from a qualified adviser who is not connected to the employer.
These agreements provide clarity and closure for both sides. For the employee, they can also be an opportunity to negotiate better terms, such as higher compensation, a reference, or an extended notice period, before signing.
Voluntary Redundancy and Settlement Agreements
Under Lancaster University’s voluntary redundancy scheme, employees can apply to leave with enhanced financial terms. Most of these offers are tied to settlement agreements, which finalise the terms and protect both parties. Those considering voluntary redundancy should seek legal advice before accepting any offer to make sure they understand the financial, legal, and tax implications.
Independent advisers can also help staff negotiate improvements to their agreements. In many cases, small changes, like clarifying payment timing or adjusting confidentiality clauses, can make a real difference. Acting early in the process provides more room to negotiate than waiting until compulsory redundancy notices are issued.
The Importance of Independent Legal Advice
Independent legal advice is a legal requirement for any settlement agreement. It ensures employees understand what rights they are giving up and whether the terms are fair. It also gives staff the opportunity to challenge unfair terms or request amendments.
At Pre-Law, we offer fast, fixed-fee reviews for settlement agreements, helping Lancaster University staff finalise their agreements quickly and confidently. Our advice is fully independent, ensuring you get clear, practical guidance with no hidden costs.
For more information on how we at Pre-Law can help, contact us on 01524 907100, info@pre-law.co.uk or through our online enquiry form
