A severance agreement or separation agreement is a legally binding contract executed between an employer and a departing employee that, if not carefully looked over before signing, could result in the employee’s waiver of significant rights without being adequately compensated.
In the event of a layoff, elimination of position, or termination, it’s possible that your employer may offer you a severance package. At first glance, it might seem awfully tempting, but should be handled with caution. Prior to signing on the dotted line, consider speaking with a severance agreement lawyer in Camden County.
The Law Firm of Jacobson & Rooks, LLC is dedicated to helping employees wade through the complexities of severance agreements that are almost always written in favor of the employer.
It’s not unusual for employers to sneak in additional clauses which favor the employer. For example, the separation agreement might also include a non-compete and non-solicit covenant. An attorney can effectively deal with this and other hidden terms. When it comes to negotiating a severance agreement in Philadelphia or any of its surrounding areas, contact the Law Firm of Jacobson & Rooks today. They will review the agreement, identify what provisions it contains, and, importantly, identify which missing provisions should be included. Contact them today to see if your severance agreement properly compensates you.