Severance Agreements & Laws in Massachusetts
A severance agreement, sometimes called a separation agreement, is a legal agreement that, if properly drafted, will benefit both the employee and the employer and help both parties avoid disputes when employment ends. When drafting, negotiating, or executing a severance agreement in Massachusetts, you should seek a competent and attentive attorney who will take the time to ensure the agreement accurately reflects your intentions and sufficiently protects your interests. The Law Office of Amanda Dowgiert can handle all of your severance agreement needs.
Benefits of a Severance Agreement
A severance agreement is a necessary tool to protect the financial stability of the employee and minimize the risk of future disputes or litigation associated with an employee’s termination. A severance agreement is about more than providing employees with a monetary benefit; it can also be a useful tool in attracting employees and assist in ensuring the employment ends on positive or mutually agreeable terms.
Severance agreements are typically drafted and then negotiated until both sides are comfortable with the result. In addition to severance pay, severance agreements may contain provisions regarding the continuation of benefits, letters of reference and unemployment benefits. By thoroughly examining the details and making adjustments that work in your best interests, the firm can help avoid future litigation or disputes that may otherwise arise.
Whether you are an employer or employee, employment law attorney Amanda Dowgiert will sit down with you and take the time to draft or negotiate, litigate, amend, or implement severance agreements that suit your needs.