Severance Agreements

Chicago, IL Severance Agreements Attorneys

Navigating Severance Agreements: Ensuring Equitable Resolutions

The prevalence of severance agreements, sometimes referred to as separation agreements, has grown substantially as companies conclude employment relationships. However, before affixing one's signature, it's vital for employees to seek legal guidance from professionals well-versed in scrutinizing and negotiating such agreements. This ensures the fairness, reasonableness, and comprehension of the terms, as well as a clear understanding of any potential relinquished rights or claims.

Severance agreements typically possess areas open to negotiation. Components like compensation, non-compete clauses, confidentiality obligations, stock options, assistance with out-placement, and various other provisions may require adjustment to align with an employee's best interests.


Of notable importance, severance agreements often include a release, precluding the employee from pursuing legal action against the employer. This could impact the ability to address wrongful termination stemming from discriminatory grounds like race, gender, or religion. In such cases, it might be advisable to refrain from signing.


Ultimately, navigating the realm of severance agreements hinges on informed decisions, legal insights, and strategic negotiation to secure a fair and satisfactory resolution.

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