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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If you are an employee who has just been issued with a settlement agreement, you may have come across the term ‘ex gratia’ for the first time. In this blog post we explain the term, when employers might use it, and what employees can expect when they do.