Severance agreements are not offered in all positions of employment. Severance agreements outline the compensation and other benefits an employee will receive when they leave a company, as well as their responsibilities to the employer. For example, a severance agreement may prevent an employee from filing a lawsuit against the employer in the future. The stipulations in severance agreements are not always fair. If your employer has asked you to sign this type of contract, it is important to speak to a Columbus severance agreement lawyer who can ensure it does not violate your rights.
Employees are sometimes so eager to accept a severance agreement that they sign it without negotiating with their employer, or even reading through the entire agreement. Still, there are times when accepting an agreement makes sense. For example, an employee may not have a legal dispute with their employer under the Fair Labor Standards Act, but they may still want to leave the company. As long as the terms of the agreement are fair, in this instance, it may make sense to sign the agreement, sever the professional relationship, and for both parties to go their separate ways.
Even when the terms of a severance agreement are fair, employees should still speak to a Columbus severance agreement lawyer that can review the contract for them. A lawyer will ensure the employee does not sign away their rights and that their best interests are protected.
It is often exciting when an employer offers an employee a severance agreement, but these agreements are not always equitable. When this is the case, employees should always know that they can reject the agreement. For example, an employer may have wrongfully terminated an employee based on discrimination, and they offer an agreement to shield themselves from liability. Any time an employer acts illegally, it may be most recommended to reject the agreement. In these instances, employers are likely trying to protect themselves and will include a provision that the employee cannot sue them in the future.
People sometimes think they must either accept or reject a severance agreement and that there is no middle ground. Fortunately, it is often possible to negotiate better terms in a severance agreement, particularly when the employee has a legal claim against their employer. A valid reason to take legal action can act as leverage and give the employee more bargaining power.
If your employer has offered you a severance agreement, you should let a Columbus severance agreement lawyer review it before signing. At Marshall Forman & Schlein LLC, our experienced attorneys can review the contract for you, determine if it is fair, and, when necessary, negotiate for better terms that will protect your best interests. Call us today or fill out our online form to schedule a consultation and to learn more about how we can help with your case.
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