# Severance Agreement

**IRI:** https://folio.openlegalstandard.org/R5qDzrHzzGIroGx977pbjc

## Labels

**Preferred Label:** Employment Separation Agreement

**Translations:**

- de-de: Abfindungsvereinbarung
- en-gb: Severance Agreement
- es-es: Acuerdo de Separación
- es-mx: Acuerdo de Separación
- fr-fr: Accord de rupture conventionnelle
- he-il: הסכם פיצויים
- hi-in: सेवरेंस समझौता
- ja-jp: 解雇同意書
- pt-br: Acordo de rescisão
- zh-cn: 解除协议

## Definition

An Employment Separation Agreement, also known as a Severance Agreement, is a legally binding document that outlines the terms and conditions under which an employment relationship is terminated. It typically includes details about severance pay, benefits continuation, non-disparagement clauses, non-compete agreements, and other post-employment obligations and rights. This agreement aims to provide clarity and protection for both the employer and the departing employee during the transition out of the company.

## Sub Class Of

- https://folio.openlegalstandard.org/Rhpdjd9p358e9Rkel80dvQ

## See Also

- https://folio.openlegalstandard.org/R83h4k9Hrvl8nKaSH4G3ry6
- https://folio.openlegalstandard.org/RCzvtNXIrDJF8xkmOoc6JKH

**Deprecated:** False