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.
General Resource Links:
- Connecticut Department of Labor
- United States Department of Labor
- Commission on Human Rights Opportunities
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