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Severance Agreements

Chicago Severance Agreement Lawyers 

Helping Clients With Severance Agreement Matters in Illinois

Severance agreements are binding agreements wherein an employee (usually one terminated or laid off) pays the outgoing employee money and/or benefits and the employee usually agrees to give up his or her legal rights to sue the employer for any legal claims. There are often other significant rights waived in a separation agreement.

At Fish Potter Bolaños, P.C., our employment attorneys’ advice regarding severance agreements frequently depends on the nature of an employee’s termination. For example, if there was something improper about the termination, an employee may not want to give up their legal rights or may want to negotiate better severance agreement benefits. If no rights were violated, and severance was not required, it may be that you should “taken the money and run.”

Schedule your initial consultation by dialing (312) 818-2407 today to get started with our severance agreement attorney in Chicago. 

What Are the Severance Agreement Laws in Illinois?

Under Illinois law, employers usually don’t need to provide severance to employees who are terminated or laid off. Despite this, many businesses have implemented severance polices that award employees for their length of service while securing a release of claims from an employee.

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  • Please contact us for a free consultation with one of our intake professionals (this is a screening call, not for legal advice, and we do not provide opinions over the phone) concerning whistleblower, sexual harassment, wrongful termination, overtime, discrimination, non-competes, severance agreements, unpaid wages, pregnancy discrimination, or other matters so that we can see whether our employment lawyers will be able to assist you. Our Chicago, Illinois area employment lawyers love what they do!