Clauses to restrict the employee in their work activities following termination are called restrictive covenants or post termination restrictions. They may prevent the employee from working with a direct competitor, or from dealing with old customers, clients and suppliers.
Post termination restrictions may already feature in the employee’s employment contract. Otherwise the employer may feel justified in incorporating restrictions in the settlement agreement as part of the termination arrangement.
To be effective the employer has to make a payment against these restrictions; usually a small sum is allocated.
Settlement agreements may run to several pages in length. Each settlement demands a tailored agreement, however the following key clauses are typically included:
When are they used? What is in them? Use our guide to understand more about settlement agreements
Depends on a variety of factors. We will advise about the particulars of your situation and explain how much compensation is appropriate
Is a settlement agreement offered when employees are redundant? Find out more on our redundancy pages
We seek to address your legal needs in a way that suits you. For certain matters we can offer a fixed fee arrangement. Learn more about costs with Aeon settlements
Discover more about the terms that the employer will include in the settlement agreement.