Separation Agreement Company: Fill & Download for Free

I worked as an engineer for a manufacturing company. I wasn’t happy and found another job. Because I had a extremely unique skill set, they weren’t happy with my leaving. After leaving, they tried to withhold my last paycheck. A quick call to the state offices got the check in short time.A year later, they had been unsuccessful in finding a replacement for me and had the one person I respected in the company, approach me and try to lure me back to the company. I made several demands, like double my old salary plus paid over time, which was voluntary, not mandatory, all my seniority returned, including 4 weeks vacation.My friend told me they agreed to all my demands and wanted me to start immediately. I agreed, but not until after I met with the owners.He set up a meeting and they were just as nice as could be, until I told them I could start in two weeks after they singed a one year separation agreement which included all of my demands. The separation agreement stipulated that if they fired me, I would receive one years salary,They weren’t happy with the stipulations in the agreement. Their intent was to get me into the company, use me to get them back up to where they should be, then fire me.After I left the meeting, my friend called me and apologized. He said he was amazed at what they were trying to pull off.3 months later, my friend called me telling me he was leaving the company and asked if I could help him leave so they didn’t try to screw him over like they did to him. Of course I did help him, and yes they tried to pull the same stuff on him and we were able to block them.I should add that within about 6 years, the company closed its doors for good and the people who owned it ended up in a LOT of trouble. It seem they didn’t fund the retirement fund correctly and then stole all the money in the fund.Isn’t Karma great?

As a practical matter, the very first thing you need to do is to gather every document you have signed regarding your partnership. Also gather all the corporate documents of the business--articles of incorporation, by laws, operating agreement, stock agreement, etc. Once you have gathered all of this documentation, you need to take it to a lawyer so he can review it. How you proceed from there will depend on what you agreed upon when you entered the partnership. A lawyer will be able to explain to you what is contractually required of you to leave your partnership and any state laws that might need to be considered. A lawyer would also be able to advise you the consequences of breaching any terms of your partnership agreement and any other agreements you made. This is crucial information to have to make a fully informed decision.Ideally, you will want to negotiate your exit from the partnership amicably. This may or may not be possible. Whatever happens, you want the terms of your exit from your partnership in writing--i.e., a separation agreement (they’re not just for divorces!). Again, a attorney should help negotiate the terms of your agreement and either draft the separation agreement (or review and revise it if drafted by another). At the end of the day, your separation agreement should, at the very least, (1) set forth the disposition of all assets and liabilities, (2) set forth the purchase price of your ownership stake, and (3) set forth how payout will be made.My company LawTrades provides startups and small businesses with a cost-effective platform to secure legal services for all of their business needs. Our attorneys are pre-vetted, highly-trained and have solid legal experience, especially with tech startups. Any work our lawyers do for you is based on an affordable flat rate so you never have to worry about your legal expenses getting out of hand. We offer a free consultation and no obligation price quotes. Good luck!

do you need a positive reference ? Negotiate that as your consulting fee. You probably should have negotiated that as part of severance or separation agreement.If not, you are more than justified in telling them you can not provide them your professional time as you are actively employed or looking for work.either way you decide you do not owe the former employer any further time, regardless of whether you left on good or bad terms.