Have you been presented with a severance agreement in conjunction with your termination from employment? Also known as a termination agreement, a severance agreement can be a very detailed legal document setting forth a number of terms and conditions. These terms and conditions can be confusing, complicated, and very restrictive. For example, the severance agreement may include a non-compete agreement, prohibiting you from potential future job opportunities, or may include a release of any potential claims you have against the employer.
If you have been presented with a severance agreement, it is critical to reach out to an attorney who understands and can explain all of the legal ramifications of signing the document. These agreements are often be negotiable, as well. The attorneys at Farrish Johnson Law Office are skilled at providing you with legal advice in connection with severance agreements. The peace of mind you get from having competent legal counsel advise you on the legal implications of a severance agreement is well worth the price, and in some cases you may even receive a more favorable agreement.
If you have any questions about severance agreements and how our attorneys can be of help, contact Farrish Johnson Law Office at 507-625-2525.
This webpage contains general information and not legal advice. It is based on Minnesota law in effect at the time of writing. An attorney at Farrish Johnson can advise you about how the law applies to your specific situation.