Severance Agreements

Severance Attorney in New York City

Do Not Sign That Severance Agreement!

Layoffs and terminations can be stressful. You suddenly find yourself without a steady source of income and you may panic. If your company offers you a severance package or separation agreement, you may see it as an answer to your worries.

A severance package may not be the salvation you think it is. Before you sign a separation agreement it is highly recommended to have it reviewed by a lawyer. The New York City employment law attorneys at Levine & Blit, PLLC have extensive experience with severance agreements. We can help you decipher the agreement and negotiate the terms before you sign it.

Don't sign a severance agreement without consulting with an employment attorney. Contact our law firm today for a phone evaluation.

Severance Packages Are Written for Your Employer – Protect Yourself

You may not realize it, but companies are not required to offer severance packages (unless stated in your initial employment contract). In most cases, the organizations aren’t offering the agreement for your benefit. It is for theirs.

Many organizations offer separation agreements in the hopes of avoiding lawsuits or other issues with disgruntled employees. They also pay their attorneys to carefully draft these agreements to include clauses often missed by an untrained eye.

Don’t unknowingly sign your rights away. Have your severance agreement reviewed by an attorney before you sign.

One of our employment lawyers can:

  • Review your agreement
  • Explain the hidden legal ramifications
  • Negotiate the agreement so it better benefits you

Understand What You Are Signing

There is no such thing as a “standard agreement.” Each separation agreement is crafted to benefit a company’s specific needs. Companies offer you a settlement in hopes you will blindly sign the agreement and not realize what you are signing.

Severance agreements may include:

  • Non-compete clauses that prohibit you from taking jobs with direct competitors
  • Verbiage that states you release all legal claims against your employer, preventing you from taking legal action
  • Payment of monies already owed to you (unused vacation, etc.) that do not require a separate agreement

Don’t take a chance with your separation agreement. Speak with one of our New York City severance agreement attorneys by calling (646) 461-6838 before you sign.

Contact Levine & Blit, PLLC