compromise agreement

compromise agreement
index composition (agreement in bankruptcy)

Burton's Legal Thesaurus. . 2006

compromise agreement
1) An agreement, usually in return for a fixed sum of money, with an employee that specifies that they will not bring a claim against their employer.
2) An agreement that records the terms and the payments to be made, in return for a waiver of claims. In employment law the term is used to refer to agreements satisfying the statutory requirements (for example, section 203 of ERA 1996) that are necessary to effectively waive certain employment rights. See also severance agreement.
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compromise agreement

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Compromise agreement — In the United Kingdom, a compromise agreement is a specific type of contract, regulated by statute, between an employer and its employee (or ex employee) under which the employee receives a negotiated financial sum in exchange for agreeing that… …   Wikipedia

  • compromise agreement — agreement which contains some desires of both sides, conciliatory agreement …   English contemporary dictionary

  • COMPROMISE — (Heb. פְּשָׁרָה, pesharah; apparently derived from the term pesher, solution, Eccles. 8:1), deciding a civil law dispute (dinei mamonot) by the court or an arbitral body, through the exercise of their discretion and not according to the laws… …   Encyclopedia of Judaism

  • compromise — com·pro·mise 1 n: an agreement resolving differences by mutual concessions esp. to prevent or end a lawsuit compromise 2 vb mised, mis·ing vt: to resolve or dispose of by a compromise cases in which a dispute is compromised E. A. Farnsworth and W …   Law dictionary

  • agreement — [[t]əgri͟ːmənt[/t]] ♦♦ agreements 1) N COUNT: oft N to inf, N prep An agreement is a formal decision about future action which is made by two or more countries, groups, or people. It looks as though a compromise agreement has now been reached...… …   English dictionary

  • compromise and settlement — A compromise agreement followed by the performance of the promises contained in the agreement. 15 Am J2d Compr § 1 …   Ballentine's law dictionary

  • agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… …   Financial and business terms

  • agreement — agree·ment n 1 a: the act or fact of agreeing by mutual agreement b: unity of opinion, understanding, or intent; esp: the mutual assent of contracting parties to the same terms if they reach agreement ◇ Under common law, agreement is a necessary… …   Law dictionary

  • Compromise — Com pro*mise, n. [F. compromis, fr. L. compromissum a mutual promise to abide by the decision of an arbiter, fr. compromittere to make such a promise; com + promittere to promise. See {Promise}.] 1. A mutual agreement to refer matters in dispute… …   The Collaborative International Dictionary of English

  • Compromise (in Canon Law) — • In a general sense, a mutual promise or contract of two parties in controversy to refer their differences to the decision of arbitrators Catholic Encyclopedia. Kevin Knight. 2006. Compromise (in Canon Law)     Compromise …   Catholic encyclopedia

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