What is a COT3 and what do I need to think about before signing one?
/A COT3 is a legally binding agreement to settle actual or potential claims in the Employment Tribunal. It is similar in purpose to a settlement agreement though the wording of a COT3 tends to be more concise.
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Employers need to handle redundancies with sensitivity and of course, in accordance with the law. Here, we’ve put together a few key tips to help with managing this challenging task.