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Should I Sign a Severance Agreement?

If you have been fired or laid off, you may be presented with a severance package. Most often, it will be a proposal to provide you a certain amount of severance pay in exchange for a release of legal claims against the company and your agreement not to disparage the company.

The first and most important question is whether you have any legal claims you might be considering, and what the value of those claims is in comparison to the severance amount.  An employment attorney can help you assess those claims.

The other consideration is what else you are being asked to do in exchange for the money- for example, is there a new non compete obligation in the agreement, or an unreasonable cooperation requirement post-employment.

You should know that you are entitled to your final pay (including unused vacation) at termination, whether you sign the agreement or not.  You should also be given a reasonable amount of time to consider the agreement and to consult an attorney before committing. 


Learn more here about evaluating a severance agreement in Massachusetts.

Need Help With a Severance Package?

Contact Us
Severance Pay employment Attorney MA slnlaw

Sharon MA

46 South Main Street
​Sharon MA 02067

(781) 784-2322
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  • Home
  • Estate Planning
    • Massachusetts Wills and Trusts
    • Why You Need an Estate Plan
    • Massachusetts Estate Tax
    • Inheritance Tax
    • How to Make an Estate Plan
  • Employment Law Solutions
    • Employment Law MA
    • Employment Termination
    • Sexual Harassment at Work >
      • Sexual Harassment in a Small Business
      • Sexual Harassment and Non Disclosure Agreements
      • Sexual Harassment and Remote Work
    • Wage and Hour Laws
    • Independent Contractor Law
    • Non Compete Agreements >
      • Are non competes enforceable
      • Massachusetts Non Compete Act
      • Pre 2018 Massachusetts Non Competes
    • Equal Pay Act
  • Business Law Solutions
    • Small Business Law
    • Business Contract Basics
    • Civil Suit Defense
    • Legal Issues for Start Ups
    • Trademark Basics
    • How to Incorporate
    • Sale of Business
  • Attorneys
    • Emily Smith-Lee >
      • 2018 Lawyer of the Year
    • Jenna Ordway
    • Rebecca Rogers
    • Stowell Simonton
    • Elijah Bresley
  • Reviews
  • Blog
  • Contact