Being laid off or let go from a job can be overwhelming—especially when you’re handed a severance agreement full of legal terms and deadlines. Before signing anything, it’s critical to understand your rights and what you may be giving up. If you live or work in Berkeley Heights, Castronovo & McKinney can help with Protecting Your Rights and making sure your severance package is fair, lawful, and in your best interest.
What Is a Severance Agreement?
A severance agreement is a legal contract offered by an employer upon termination of employment. It typically provides the employee with compensation or benefits in exchange for certain terms—often including a release of legal claims against the employer.
Key Components May Include:
- Severance pay (based on salary and length of employment)
- Continuation of health insurance or COBRA benefits
- Payment for unused PTO or vacation time
- Non-disparagement and confidentiality clauses
- A release of the right to sue the employer
Why You Should Never Sign Without Legal Review
While a severance offer may seem generous, it’s often designed to protect the employer—not you. Signing the agreement may waive your rights to bring future legal action related to:
- Discrimination or harassment
- Wrongful termination or retaliation
- Wage and hour violations
- Unlawful noncompete enforcement
That’s why having an attorney review the agreement before you sign is crucial.
How an Attorney Can Help
- Review the terms for fairness and legality
- Negotiate for better compensation or removal of harmful clauses
- Ensure you’re not waiving important legal rights unknowingly
- Identify potential legal claims you may be forfeiting
Legal Support for Employees in Berkeley Heights
Protecting Your Rights during a job transition is critical to your financial and professional future. Castronovo & McKinney, LLC has extensive experience negotiating and litigating severance agreements for employees across New Jersey. Whether you’ve been offered a severance or already signed one, their legal team can help you take the right next steps.
Contact Castronovo & McKinney Today
If you’ve received a severance agreement, don’t rush to sign. Contact Castronovo & McKinney today for a confidential consultation and ensure your rights—and your future—are fully protected.
New Jersey Office:
71 Maple Ave
Morristown, NJ 07960
Phone: 973.920.7888
Fax: 973.920.7924
New York Office:
420 Lexington Avenue, Suite 1830
New York, NY 10170
Phone: 646.755.3781
Fax: 646.755.3781
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