Severance Agreements and Releases
“I was in shock when I lost my job – I didn’t see it coming. They offered me a severance package, but I don’t understand some of the terms of the agreement. They said not to worry, it’s just a few technicalities. Am I making the right move by signing it?”
As the severance lawyer that Boston workers know and trust, Gordon Law Group, LLP hears this type of question all-too frequently. Severance agreements are frequently offered to professionals to prevent expensive litigation between employers and terminated employees. A severance agreement is a contract between an employer and employee waiving certain legal rights of the employee in exchange for additional compensation or other benefits provided by the employer.
Severance benefits may include large one-time payments, continued health benefits, additional salary payments, letters of recommendation or other offers.
Severance packages may also include critical non-compete and confidentiality agreements, as well as releases requiring the employee to give up any claims she may have forever. Before signing, be knowledgeable of the effects any such agreement may have on your future ability to obtain employment.
Why Work With a Gordon Law Group, LLP Severance Attorney?
A severance package lawyer can be a valuable resource if you find yourself facing a severance agreement offered by your employer. In fact, it’s a good idea to work with a severance agreement attorney for several reasons.
Lawyer negotiation for your severance package can help you stand on more even footing. Because the terms of severance packages are typically dictated by the company, those terms may be more favorable to the company than to its employees. Your severance pay lawyer can advocate for you, working to help you obtain severance compensation that is fair, based on your specific circumstances.
Gordon Law Group, LLP can work closely with you to ensure you understand what the severance agreement says, as well as the implications of signing it. Your attorney will advise you on the enforceability of any non-compete or non-solicitation clauses contained in the contract, as these types of provisions may impact your ability to work in a similar job in the same geographical area for a certain time.
It is also important to understand whether, and how, signing a severance agreement might preclude you from filing a lawsuit against your employer in the future for something unrelated to the termination of your position, such as a wage law violation. Your attorney can help you understand your legal rights.
Gordon Law Group, LLP attorneys, based in Boston, represent employees nationwide who are facing severance agreements from their employers. When you choose to work with us, you can be confident you are working with a skilled, knowledgeable attorney. In fact, our attorneys are frequently cited among the best employment lawyers in the nation. We are committed to employee advocacy, helping workers at all levels.
To learn more about Gordon Law Group, LLP employment lawyer severance package services, or if you’ve been offered severance in exchange for a release, contact us today.
This information is not a do-it-yourself guide to resolving employment disputes or handling employment litigation. While some may find this useful for understanding the basic issues and their legal context, it is NOT a substitute for experienced legal counsel and does not provide legal advice. Please contact the team at Gordon Law Group to discuss your specific case.