Severance Agreements in New Jersey | What to Know

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If you have been fired from your job, you can expect to be presented with a severance agreement. Read on and reach out to our skilled employment agreement attorney in Gloucester County NJ to learn more. We are here to help you protect your future.

What are severance agreements in New Jersey?

If an individual is laid off from a job, his or her employer will likely offer a severance package. The purpose of this agreement is to provide the employee with a financial cushion for a certain period of time, whether that be weeks or months, so the employee does not have to stress about their finances running out while searching for a new job.

What can cause issues in a severance agreement?

In many cases, employers will execute some of the following clauses in a severance agreement. While these clauses are straightforward, they can be unfair to an employee. As a result, it is important to understand these clauses and what they involve:

  • A non-disparagement clause: These clauses are incorporated so that employees cannot publicly speak negatively about anything having to do with the company after they leave.
  • A non-solicitation clause: This stops employees from recruiting or otherwise hiring co-workers from the company that laid them off.
  • A proprietary information clause: These clauses cover any confidential information you’ve received regarding your company.
  • A non-compete clause: These clauses restrict people from seeking employment from direct competitors of their former employer for a certain amount of time.
  • A release of legal claims: This clause prevents employees from making any sort of wrongful termination claims against their former employers. If you believe you have been wrongfully terminated, you should not sign an agreement that includes this clause.

Do I need the help of an attorney when it comes to signing a severance agreement?

Even though severance agreements can seem too good to be true, you should not rush to sign yours. That is because in some cases, clauses can hurt workers later on. As a result, it is in your best interest to retain the services of a skilled employment law attorney. It is critical that you support yourself and ensure that your severance agreement is fair to you and your future. Of course, if you are unsure about your agreement and would like a second opinion, look no further than the Vigilante Law Firm, P.C. Our New Jersey employment lawyers are on your side no matter what.

Contact our Firm

The dedicated and compassionate attorneys at Vigilante Law Firm, P.C. would be happy to provide you with assistance in your case and help you protect your future when so much is on the line. Contact us today to schedule a consultation so we can assess the specific circumstances surrounding your lawsuit.

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