“The settlement of ordinary commercial disputes is familiar territory for all lawyers, and settlements rarely require any particular formalities beyond sufficient clarity as to the terms of the agreement. This is equally so for purely contractual disputes in the field of employment, but there the comparison stops. It is a basic principle of statutory employment rights that the parties cannot simply contract out of the rights, and therefore particular formality is needed to effect an enforceable settlement of any employment dispute where the employee may make a claim based on statutory employment rights.”
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11KBW, 23rd September 2011
Source: www.11kbw.com
