The Purpose of a Separation Agreement
Separation agreements are an effective tool to protect both employers and employees from the uncertainty and legal issues that may arise when an employee leaves a company. These agreements can limit legal liability, filing complaints, prevent litigation, and keep an employee from disclosing trade secrets or working for the competition. In addition, they can provide for an employee’s financial security and can be effective if an employee leaves willingly or is terminated.
To achieve this, separation agreements often include provisions for severance pay in order to provide legal consideration for the other terms of the contract. If you or your company is considering entering into a separation agreement, you should consult with an experienced Los Angeles employment lawyer as soon as possible. By retaining an experienced attorney, you can be sure that the separation agreement in which you considering entering will be effective and contemplates all of the possible legal issues that may arise. Some of the other ways that an experienced employment law attorney may be able to help you include:
- Drafting the separation agreement
- Calling attention to legal issues that you may not have considered
- Ensuring that the agreement is enforceable
- Helping negotiating the terms of the separation agreement
These are just a few of the ways in which an attorney may be able to help both employers and employees enter into a separation agreement. Each employment situation is unique, and it is important for anyone considering entering into such an agreement to consult with an experienced employment law attorney.
Video with Attorney Daniel Kalish
Employment Attorneys Serving Los Angeles, California
The lawyers of HKM Employment Attorneys represent a diverse clientele including employers, employees, small businesses, and government agencies. Whether you are an employee who has been asked to sign a separation agreement or an employer who needs an effective agreement drafted, we are here to help. We can also assist in negotiating the terms of a separation agreement for both employers and employees. Our lawyers have almost 4 decades of combined employment law experienced, and have the knowledge and skill to provide legal counsel on a wide range of employment law matters.
Contact an LA separation agreement attorney today for assistance for any issue you may have relating to a separation agreement.