Many employees will encounter a severance agreement. It is important to understand what they are, how they work, and what makes them fair. If you would like to learn more about them, have questions about yours, or believe yours is violating your rights, do not wait to reach out to our skilled employment agreement attorney in Gloucester County NJ.
How does New Jersey define a severance agreement?
If an individual is fired from his or her job, the employer will likely present 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?
Oftentimes, employers will conduct some of the following clauses in a severance agreement. While these clauses are usually direct, there are also cases where they can be unfair to an employee. Because of this, it is important to understand these clauses and what they imply:
- A non-disparagement clause: These clauses are included so that employees cannot publicly speak poorly about anything having to do with the company once they leave.
- A non-solicitation clause: This prevents employees from recruiting or otherwise hiring co-workers from the company that laid them off.
- A proprietary information clause: These clauses protect any confidential information you’ve received regarding your company.
- A non-compete clause: These clauses prohibit 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?
While severance agreements can seem too good to be true, you should not hurry to sign yours because, in some instances, clauses can hurt workers later on. That is why it is in your best interest to retain the services of a skilled employment law attorney. It is important that you support yourself and make sure that your severance agreement is fair to you and your future. It is also okay if you are unsure about your agreement and would like a second opinion. Our legal team is here for you no matter what. Contact the Vigilante Law Firm, P.C. to get started.
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.