New Jersey Severance Agreement Lawyers
Serving Clients in New Jersey & Philadelphia
For employers, a severance agreement is a risk management tool. In the absence of a contract, employers are under no obligation to offer a severance agreement but may do so as a mechanism to avoid possible employment-related legal claims which could be brought by the employee. A severance agreement, which is sometimes called a separation agreement, is an enforceable contract.
By signing the severance agreement, an employee typically agrees to receive certain compensation or a benefits package in exchange for the waiver of certain rights. Most crucially, employees waive their right to sue their employers, for causes of action generically described as “wrongful termination.”
This could include claims pertaining to:
- Disability discrimination
- Racial discrimination
- Sexual harassment
- And discrimination based on other protected traits
It is important to make sure that the severance payment is commensurate with the value of the legal claims that you would be waving. An attorney can greatly impact the value of a severance agreement. Severance agreements can be very complex.
They may contain non-competition and non-solicitation clauses that could prove damaging, hindering an employee’s ability to pursue similar work in the area. Our role is to review and negotiate the severance agreement to protect the employee’s interests. One simple change could save you thousands of dollars and inconvenience in the future.
Protecting the Employee’s Interests
Employment contracts are typically drafted in favor of the employer. When an employee is asked to sign an employment contract or severance agreement, it should be reviewed by an experienced employment lawyer. At the Law Firm of Morgan Rooks, P.C., we take great care to make certain that compensation is clear, benefits are maximized, and any ambiguity is removed.
We have reviewed and negotiated agreements for many employees, including, but not limited to, people who are employed in:
- Health care
- Real estate
- And banking
Negotiating the Best Possible Employment Agreement
When we review an employment contract, we look closely at important issues such as:
- Restrictions on competition
- Performance reviews
- Stock options
- Deferred compensation
- Relocation expenses
- Termination provisions
- And events of default
We scrutinize the language of the employment agreement, looking to see what is there, and more importantly, what language is not there. We take great care to make certain that confidentiality, non-competition, and non-solicitation clauses will not hinder the employee’s future career and earning prospects.
Breach of Contract — Employment Contracts and Severance Agreements
When employment and severance agreements are violated by employers, we handle the ensuing disputes. We also defend employees who have been accused of breaching their contracts by violating confidentiality, non-competition, or non-solicitation agreements.
Discuss Your Case with The Law Firm of Morgan Rooks, P.C.
The Law Firm of Morgan Rooks, P.C. serves clients in Atlantic County, Burlington County, Camden County, Cumberland County, Gloucester County, Mercer County, Ocean County, and Salem County in New Jersey; as well as Philadelphia County and Delaware County in Pennsylvania.
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