Employment ·
5 min
Before you sign a severance agreement, check these four things
David Quill
Partner
The deadline on a severance offer is real, but it’s usually long enough to read the release carefully.
A severance agreement is a trade: money now in exchange for giving up claims later. Before you sign, read four parts closely.
The release
This lists what you’re giving up. Look for anything broader than claims about your employment.
The deadline
If you’re 40 or older, federal law usually gives you at least 21 days to consider the agreement and 7 days to change your mind after signing.
Confidentiality and non-disparagement
These can limit what you say about the job, sometimes for years.
Restrictive covenants
Some agreements quietly add or extend a non-compete. Check that nothing new appears.
This article is general information, not legal advice for your situation.
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