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Prepare a Severance or Termination Agreement - Checklist

Author: Michael C. Jacobson, XpertHR Legal Editor

A severance or termination agreement is a great way to make a mostly clean break with outgoing employees, obtain valuable information and protect the business from retribution or unfair competition.

An employer may find such agreements to be useful in preventing litigation and maintaining employee morale through difficult times of transition as well. However, there are important restrictions on the elements of such agreements, deriving from the law and from prosecutorial action by government entities like the Equal Employment Opportunity Commission (EEOC), for example.