Severance Agreements in Union County: What to Know Before You Sign

Losing a job can be an emotional and uncertain experience. Many employers offer severance agreements at the time of termination, often with financial compensation and other benefits. However, these agreements typically require you to give up certain legal rights. If you’re in Union County and have been offered a severance package, understanding the fine print is critical to Protecting Your Rights.

What Is a Severance Agreement?

A severance agreement is a legal contract between an employer and an employee that outlines the terms of separation. While it may include compensation, benefits, and a reference letter, it often comes with conditions—such as releasing your right to sue the employer for wrongful termination or discrimination.

Common Terms in Severance Packages

Severance agreements vary but often include the following:

• A lump-sum payment or continuation of salary
• Health insurance or COBRA assistance
• Non-disparagement or confidentiality clauses
• Waivers of legal claims
• Noncompete or nonsolicitation clauses

Do I Have to Sign It?

No. You are not required to sign a severance agreement, and you should never sign under pressure. Once signed, the terms are binding and difficult to challenge. You have the right to take time to review the document—typically at least 21 days, and 7 more to revoke it if you’re over 40 and releasing age discrimination claims.

Why You Should Consult an Attorney First

Even generous-seeming severance offers may conceal unfavorable terms. A knowledgeable employment lawyer can help you:

• Understand what rights you’re giving up
• Negotiate for better terms or more compensation
• Identify unlawful or overly broad clauses
• Determine whether you have a claim worth more than the severance

Can You Challenge a Signed Agreement?

It’s difficult, but not impossible. If your employer coerced you into signing or the agreement violates public policy, it may be voidable. However, it’s always best to consult a lawyer before signing to avoid this situation altogether.

Legal Help for Union County Employees

Protecting Your Rights starts with understanding them. Castronovo & McKinney, LLC has helped hundreds of Union County employees navigate severance agreements with confidence. Their attorneys will review the terms, negotiate on your behalf, and ensure you’re not signing away more than you should.

Contact Castronovo & McKinney Today

If you’ve received a severance offer, don’t sign without advice. Contact Castronovo & McKinney for a confidential consultation and make sure your exit is handled with the legal protection and fairness you deserve.

New Jersey Office:
71 Maple Ave
Morristown, NJ 07960
Phone: 973.920.7888
Fax: 973.920.7924

New York Office:
420 Lexington Avenue, Suite 1830
New York, NY 10170
Phone: 646.755.3781
Fax: 646.755.3781