Employment Agreement and General Release

• Category: Employment - Releases
• State: Multi-State
• Control #: US-E-R-4518-01
• Format: Word; Rich Text

Description

An agreement and general release is a legal document that, once signed, forfeits the right of the signor to engage in legal activity against the other party. For example, when an employee signs an agreement and general release, they agree not to pursue any form of legal action against their previous employer regarding the covered instance(s) in the agreement, such as the circumstances of their separation. Typically, there is a clause in the original employment contract that states whether an agreement and general release is required at the end of employment. However, if executive-level employees don't wish to agree to the terms, this cannot be used as a reason to rescind an employment offer since the agreement and general release is an optional.