Answers / Employment
EMPLOYMENT

Do I have to sign a severance agreement right away?

SHORT ANSWER

No. You’re generally entitled to time to review it — often 21 days for age-related waivers — and you can negotiate. Signing immediately usually only benefits the employer.

A severance agreement is a contract, and you almost never have to sign on the spot. If it asks you to waive age-discrimination claims, federal law generally gives you 21 days to consider it and 7 days to revoke after signing. Beyond that, severance terms are frequently negotiable — the amount, benefits continuation, references, and the scope of what you’re giving up. Read exactly what claims you’re releasing before you sign anything.

What to do, in order

  1. Don’t sign immediately — you’re entitled to review time.
  2. Identify every claim the agreement asks you to waive.
  3. Check for the 21-day review and 7-day revocation periods.
  4. Consider negotiating the amount, benefits, or references.
  5. Have the specific document reviewed before signing.

Common questions

How long do I have to review a severance agreement?

For waivers of age-discrimination claims, federal law generally requires 21 days to consider and 7 days to revoke after signing. Other agreements vary.

Can I negotiate a severance agreement?

Yes — severance is often negotiable, including the payment, benefits continuation, and the terms of the release. Employers frequently expect some negotiation.

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Main AI explains documents and general legal rights in clear terms. It is not a law firm and does not provide legal advice. Laws vary by state and change over time — verify specifics for your jurisdiction, and consult a licensed professional for advice on your situation.