Review Your Severance Agreement
When you are presented with a Severance Agreement from your employer, it can be confusing to know what, exactly, they are asking you to sign. It is a good idea to have any severance agreement reviewed by an experienced employment attorney before agreeing to it without requesting changes. Our severance lawyers are skilled attorneys with years of experience in severance agreements. They can help review and negotiate your severance documents to protect your rights while ensuring the best benefit to you.
Easy 4 Step Process
Email or fax your agreement to email@example.com.
Our office will call you to schedule a date and time for the meeting (either in person or by telephone). All meetings can be scheduled within 24 hours.
Our attorneys will conduct a thorough review of the agreement and discuss everything about the severance agreement with you and answer any of your questions.
Our attorneys will send you a detailed email regarding any changes, revisions or other items that should be addressed with your previous employer. You will then have the option to either negotiate with your employer directly on your own behalf or you can retain us to negotiate for you and try to improve the terms and amount of severance pay.
Employers Protect Themselves and So Should You
All severance agreements are an employer’s way of protecting themselves against future legal action. As an employee, you are entitled to certain protections upon your termination under the law, including the right to file a lawsuit against the company. You employer is not simply offering you severance in order to assist you, it is aiming at protecting itself from litigation and future litigation costs. While it will be presented to you as “in your best interest,” not all severance agreements are so straight-forward or even in your interest. Before signing any severance agreement, you need to know what you more you could receive. Please keep in mind that there is no such thing as a standard severance package and any suggestion that is is standard is simply to try and convince you to sign.
In some instances, your severance agreement will offer you a monetary sum in exchange for your promise to not file any lawsuits against your employer. What you may not realize is that the wording of your agreement may also limit your ability to support your family by preventing you from working for another company or client, it may prevent you from receiving your owed wages and benefits, and many other things. Before blindly accepting the terms in your agreement, consider having your severance paperwork reviewed by a legal professional who can translate the legal ramifications of all terms and provide you with additional items that are not included in the severance, but should be.
Another common item in a severance agreement is a non-compete clause, which would prevent you from obtaining a job for a certain amount of time or using any knowledge from your current position in any capacity with a competitor for a specific amount of time. You may not have signed a non-compete or non-solicitation agreement beforehand and the company is only trying to prevent you from competing after it terminated your employment. The severance being offered may not be as valuable as being able to obtain a job. It is important that you ensure that all conditions are specific and objective, and are not left up to subjective interpretation by your employer. You don’t want to find yourself owing your employer part of your severance package because they perceived your actions to be competitive and covered under that clause when you understood the terms differently. Again, having the right lawyer review your severance agreement before you sign can make all the difference.
Remember, if you are being presented with a severance agreement, it is because your employer needs something from you. The terms of the agreement should clearly benefit you, otherwise you should not agree to anything. Before making any binding agreements about your future, contact the experienced employment lawyers at to review your severance documents. They will ensure that you are making only the necessary concessions in order to reap the greatest benefit.
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