Free guide reveals must-know severance agreement attorney review tips

When reviewing a severance agreement, several key components require careful consideration:

1. **Compensation and Benefits**: The primary focus for most employees is the severance pay and benefits continuation. This may include a lump sum payment, salary continuation for a specified period, and extended healthcare benefits. It's important to verify that these terms align with your expectations and industry standards.

2. **Non-Compete and Non-Solicitation Clauses**: These clauses can significantly impact your future employment opportunities. A non-compete clause restricts your ability to work for competitors, while a non-solicitation clause prevents you from contacting former clients or colleagues. Understanding the scope and duration of these clauses is essential to avoid legal complications in your next job.

3. **Confidentiality and Release of Claims**: Most severance agreements will include a confidentiality clause, which prohibits you from disclosing the agreement's terms. Additionally, a release of claims clause typically requires you to waive your right to sue the employer for any reason related to your employment. An attorney can help you understand the implications of these clauses and negotiate more favorable terms if necessary.