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Termination agreements are also called severance agreements
and separation agreements. They often include non-disclosure or
non-compete clauses. The agreement specifies the terms of your termination
when you quit, get fired or laid off. It might waive some of your
employee rights, such as your right to sue your former employer.
Termination agreements are typically enforceable if they are reasonable
in scope. Once signed it normally takes a court decision to determine
whether or not a particular agreement is reasonable in scope.
If you have any questions or doubts or if you just
want to verify the termination agreement is reasonable, you should
consult an attorney before signing.
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