Fairfax Severance Agreements Lawyer
Being laid off or terminated from your job is stressful enough, but being flooded with a pile of exit paperwork can make an already difficult situation even more overwhelming. At the Spiggle Law Firm, our experienced employment attorneys work hard to help make these big transitions more comfortable.
One important piece of paperwork that should not be overlooked during your exit from a company is a severance agreement. Severance agreements typically provide a departing employee with cash payments as well as other types of benefits such as healthcare or insurance.
Although it may be tempting to agree to take the money you are offered and move on, there may be other terms in the agreement that are less favorable to you. To avoid being blindsided by a condition buried deep within a contract, have a dedicated Fairfax severance agreements lawyer from our team review your situation to identify any such risks and help you make the best decision possible.
Understanding Severance Agreements
A severance agreement is essentially a contract between an employer and an employee that outlines the rights and obligations of each party when employment is terminated. A severance agreement may contain provisions that address confidentiality, competition, solicitation, release of claims, benefits, and compensation.
You should think carefully about entering into a severance agreement, and if you do decide to sign one, it is important to understand every clause in the contract. Severance agreements are enforceable by law and, depending on their specific terms, can limit your ability to seek and secure future employment or initiate a lawsuit against your former employer.
Severance Agreements in Employment Contracts
Although the topic of severance agreements is often discussed as an employee is getting ready to depart from their position, they are not reserved only for post-termination scenarios. Employment contracts signed by an employee at the onset of their employment often contain a severance agreement element.
Negotiating any sort of contract with an employer can feel awkward, particularly if you are just starting. However, it is always important to carefully review and employment contracts to protect your future interests.
Conversely, Fairfax employees who are so-called “at-will” employees would not have an employment contract. As a result, any discussion of severance agreements would not come up until such time that they are parting ways with your employer.
The decision to terminate an employee is sometimes outside of the employer’s hands. The changing needs of an individual company or the economic climate can force employers to let employees go whom they would have preferred to retain. In these types of situations, severance agreements are often offered to show a gesture of support to good employees who had to be laid off unexpectedly.
In other scenarios, severance agreements are offered as an attempt to silence an employee who is being wrongfully terminated, which is prohibited under both federal and state law. If you have a potential cause of action that could prove to be more lucrative than the terms of the severance agreement, it may be a better option for you to speak to a severance agreements lawyer in Fairfax about your options to file suit.
Seeking Professional Guidance from a Fairfax Severance Agreements Attorney
Severance agreements can be lengthy and contain complicated legal terminology. Whether you are faced with a severance agreement while just beginning your job or on your way to starting something new, you could benefit from the knowledge of a Fairfax severance agreements lawyer.
To make sure you have a firm grasp of your severance agreement before you sign it, contact the Spiggle Law Firm today. We are available to help you review your severance agreement and provide recommendations on how to proceed.