Severance Agreements and Negotiation

Irvine Severance Agreements and Negotiation Attorney

What Are Severance Agreements?

Commonly referred to as general releases, termination agreements, separation agreements and/or exit agreements, severance agreements allow employers to provide an immediate payment in exchange for their employee(s) giving up any and all legal rights regarding employment law violations connected with the company.

Who Benefits from Severance Agreements?

It should go without saying that severance agreements by and large benefit the employer. Many employers use intentionally vague language in their severance agreements to protect themselves from potential lawsuits and legal liability. By having an employee sign away their right to sue or take other legal action, an employer can successfully avoid paying for any infraction they may have caused.

Negotiating and Signing a Severance Agreement

Keep in mind that you should never allow your employer to pressure and/or force you to sign a severance agreement. As with any other contract, the terms — including the amount of money to which you may be entitled — are negotiable. Carefully read the severance agreement and make sure you understand your obligations.

When You Should NOT Sign a Severance Agreement

If for whatever reason you feel your termination to be unfair, do not sign a severance agreement. The reason for this is simple: why forfeit your legal rights when your employer may have acted unlawfully? Additionally, if you are getting laid off (or quitting) due to harassment and/or retaliation, contact an experienced labor law attorney before signing any agreement offered by your employer. Lastly, if the severance agreement includes language regarding non-compete and/or non-disclosure clauses, or admissions of fault, do not sign the agreement.

Don’t Forget

As previously mentioned, every term of a severance agreement is negotiable. If you are unsure as to whether or not you should sign a severance agreement, consult with an experienced labor law attorney as quickly as possible. With over 60 years’ combined experience, Farnell & Norman, PC are well-equipped to help you obtain the future you deserve.

Farnell & Norman, PC provide Irvine residents with exceptional legal assistance in cases involving labor law. Call (949) 346-1225 today to get started.

Farnell & Norman, PC