🌟 Severance agreement

an employer and employee can avoid costly and time-consuming litigation. A severance agreement is an agreement between an employer and an employee that sets forth the terms of the employee's departure from the company. The agreement typically includes a release of claims, which means that the employee agrees not to sue the company for any claims that he or she may have. The agreement may also include a non-compete clause, which means that the employee agrees not to compete with the company for a period of time. Severance agreements can be beneficial for both employers and employees because they can avoid costly and time-consuming litigation.