Most of us work for a paycheck. That said, often, gaining employment comes with accepting to sign a wide range of agreements, such as non-disclosure agreements, non-compete agreements, and more. However, sometimes, employers will offer employees severance agreements when the time comes to lay them off. Though these agreements may be tempting to sign right away, you should continue reading and speak with a seasoned Atlanta severance agreement attorney from our legal team to learn more about their function and whether the agreement in question is fair to you. Here are some of the questions you may have:
What is the purpose of a severance agreement?
Essentially, when an employer is looking to lay off an employee, he or she may request they sign a severance agreement. Essentially, the purpose of these agreements is to give an employee a certain amount of pay for a certain period of time after losing their position with a certain company. This is so they can have some financial standing while looking for another job. While these agreements are often fair and work in the employee’s favor, they are often offered in exchange for a promise that the employee won’t pursue a claim, such as that of discrimination, against the employer in question.
Should I sign one?
If you’re offered a severance agreement, you should first hire a knowledgeable attorney who can help you look over the agreement and determine whether it’s worth signing. If you believe you were wrongfully terminated, for example, signing such an agreement would bar you from seeking damages from your employer. These agreements also often include a wide range of other terms, such as non-solicitation clauses, non-disparagement clauses, non-compete clauses, and proprietary information clauses. In some cases, these demands are just too broad in scope and will ultimately harm you in the long run, in which case it may be best to pass on the severance agreement and keep your options open.
If you need a skilled Atlanta employment rights attorney in your corner to review the agreement you’ve been offered, or for any other employment-related reason, look no further than Ben Barrett Law. We’ve fought for countless clients just like you over the years, and we’re here to protect your rights as well. Give us a call today so we can get started working on your case.
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To discuss your employment law case with a legal team you can trust, please do not hesitate to contact Ben Barrett Law today.