Review Release Agreement Today

Summary

Its important to fully understand a release agreement before signing, as it typically involves waiving certain rights in exchange for compensation. In North Carolina, employers are not required to provide severance pay unless stipulated in an employment contract. Employees can negotiate the terms of a severance agreement. Consulting with a local employment attorney is recommended before signing any agreement.

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My position was terminated yesterday and have a release agreement that needsto be reviewed today. Im not surewhat Im signing
Hello Robin. It's crucial to fully understand a release agreement before signing. It typically involves waiving certain rights in exchange for compensation. Could you please tell me your location so I can provide more specific legal information?
If I dont sign they will revoke severance pay
Hi Robin. The laws governing severance pay vary between jurisdictions. Can you please tell me where you are located so I can provide more accurate information?
Charlotte NC
Hello Robin. In North Carolina:
- Employers are not required to provide severance pay unless it's stipulated in an employment contract.
- Employees can negotiate the terms of a severance agreement.
- It's recommended to consult with a local employment attorney before signing.