Utilizing Settlement and Severance Packages
1 hour 30 minutes
Understand the practical and legal considerations of negotiating and preparing enforceable releases.
When drafted properly, severance, settlement, and other release agreements offer employers a valuable opportunity to avoid costly litigation. To sidestep unwelcome challenges to these agreements, employers must understand the potential limitations on their enforceability and craft them to withstand court scrutiny. This topic will focus on the practical and legal considerations of negotiating and preparing enforceable releases, as well as tips for avoiding common mistakes made by employers in attempting to decrease risk and liability through the use of releases.
• You will be able to define the reasons for having a severance/settlement agreement.
• You will be able to describe the minimal requirements of such agreements.
• You will be able to discuss additional items that should be addressed in such agreements.
• You will be able to explain why your organization should use such agreements.