The labor market has been on a roller coaster in recent years, and with every job change comes more paperwork.
Whether they're laid off or they've quit their jobs for other opportunities, employees are ringing up lawyers with questions about the agreements they sign when they leave one job for the next.
Parsing through the quagmire of legalese in separation agreements can be tough, but it's crucial for employees to understand what they're signing, employment lawyers told Insider. Separation agreements can have lasting consequences on an employee's future job prospects — and on their bank accounts.
"You're at the company's mercy, really, and you need to make sure you're protecting your interests," Alan Lescht, who founded an employment law firm in Washington, DC, said.
Insider spoke with three lawyers about what employees need to know before they sign any separation agreement. The lawyers also shared tips for how to negotiate the best possible contract.
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