Severance and Termination Agreements are used to outline the terms for which an employee’s relationship with their employer shall conclude, and can help to better protect both employee and employer should disputes arise regarding expectations of the parties once the working relationship has ended.
In these agreements an employer may request certain promises be made releasing them from liability for any future claims the employee may have. An employer will usually offer an amount of money as a bonus or severance pay to the employee in exchange for these promises.
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