An agreement governed by Scots law between an employer and employee to settle an employee's contractual and statutory claims on termination of employment (formerly known as a compromise agreement).

For a shorter agreement suitable for less complex terminations see Standard document, Settlement agreement: employment (short form) (Scotland).

For a settlement agreement where the employment contract is not terminating, see Standard document, Settlement agreement (no termination) (Scotland).

For settlement agreement standard documents governed by the law of England and Wales, see Standard documents: Settlement agreement: employment (long form); Settlement agreement: employment (short form); Settlement agreement (no termination); and Reaffirmation letter (two-stage settlement).