Using Severance Agreements to Mitigate Risks
When employment relationships come to an end, the potential for legal problems becomes much higher. The employer faces the possibility of litigation over how the employment terminated, which in turn raises the chances of devastating damages and loss of reputation. Severance agreements exist to address these and related matters.
Key Elements of a Fair Employee Severance Agreement
Severance agreements are crucial for a smooth transition when an employee leaves a company. They provide clarity, protect both parties and ensure a fair deal for everyone involved. Whether you're an employer crafting an agreement or an employee reviewing one, understanding the key elements of a fair severance agreement is essential.
What Employers & Employees Should Know About Severance Agreements
Last updated: July 18, 2024
Ending an employment relationship can be difficult, regardless of whether you are the employer or the departing employee. Severance agreements can be an effective way to ease this transition and allow both sides to make a clean break. But there are some