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Sep 18, 2021

Employee Rights Severance Agreement

Severance pay agreements may also require employees to restrict their behaviour in another way. For example, the dismissal agreement may require the worker not to talk about why he was terminated, not to talk badly about the company or not to share trade secrets. Ultimately, negotiating a favorable termination agreement is like negotiating another contract: it`s an art. Here, a lawyer can help you a lot, especially if you have little experience in negotiations. The consideration is an offer from the employer to the worker to sign the document. In short, it is severance pay. However, for it to be a legal «quid pro quo», a severance pay cannot be something that the employee receives, even if he does not sign the agreement. Employers can avoid the problems of the LNNRA by inserting a clause in their severance pay agreement that states that nothing in the pact should be interpreted in such a way that it requires a waiver of legally guaranteed rights, Datz says. . . .