It is never a good idea to sign a non-compete or severance agreement unless you are absolutely sure of exactly what advantage your employer is taking away from the agreement, and what you are getting in return. Too many people sign severance agreements that look good on paper, only to discover that they are essentially barred from working in their career. Suddenly, the money on the table doesn't sound so fair.
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Ross Law Group, provides experienced legal counsel and representation for employees who are being offered a severance package or are being asked to sign a non-compete agreement. We handle all sizes and complexities of agreements, including agreements that involve licensing arrangements and patents.
Severance agreements are not the last offer
Don't be afraid to take some time before accepting a severance package. Your employer certainly consulted a lawyer before drafting the agreement, and you should also.
Remember, a severance agreement is rarely the final offer that is available. By signing an agreement, you are generally eliminating or restricting your right to pursue a cause of action for discrimination or wrongful termination. An experienced employment law attorney can carefully review the agreement to determine whether your employer is offering fair financial consideration in return for the non-compete arrangement that they may be requiring you to accept. It pays to take the time to have us review what is really being offered on the table.
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