Yes. As a part of the severance package, your former employer is requiring you to sign away or waive certain rights you have in order to receive the severance benefits being offered. The most important right or protection you are waiving is your ability to sue or file a lawsuit against your former employer. Other common components of a severance agreement include a confidentiality agreement.
Because you are waiving rights and protections, it is important to have a severance agreement reviewed by an experienced employment lawyer.
Please go to Severance Agreements for more information.
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