When terminating an employee, companies sometimes provide a severance agreement offering money, benefits or other terms in exchange for the employee releasing or dropping any potential claims they may have against the company. It should be assumed that the company has had an attorney draft or review the proposed severance, so employees should also seek their own legal counsel for help in reviewing and responding to the agreement. There can be significant implications in these agreements so it’s important to make an informed decision when signing your agreement and releasing your claims against the company.
There are often short timeframes for responding to severance agreements, so it’s critical to obtain legal counsel as quickly as possible.
If you’re presented with a severance agreement, call Ashley Davenport at 310-504-3989 for a free consultation.