Mass High Tech Business News recently published an article by Parker | Scheer LLP founding partner, Barry S. Scheer, Even Startups Need Severance Agreements. "As a business attorney, I am often asked by struggling startup company executives, faced with having to lay off employees, whether they are obligated to make severance payments." Scheer acknowledges "there is no legal obligation to make severance payments" but that "severance payments and severance agreements generally provide intangible benefits and social utility that far outweigh their cost -- even to struggling companies. "This," he writes, "is especially true for technology companies...."
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