Parties
Identify each party by full legal name and capacity (individual, corporation, officer). Include business entity type and state of formation when an organization is involved.
A written separation agreement reduces uncertainty, records mutual obligations, and can limit litigation by documenting releases and timelines. It protects both parties by specifying payments, confidentiality, and dispute resolution, and can simplify tax and benefit coordination when terms are explicit and dated.
Employers, departing employees, divorcing spouses, business partners, and their attorneys commonly prepare or sign separation agreements.
Each party should confirm authority to bind the organization or individual, and consider legal review before signing.
Identify each party by full legal name and capacity (individual, corporation, officer). Include business entity type and state of formation when an organization is involved.
Describe severance amounts, payment schedule, payroll taxes, benefits continuation, and any noncash consideration with clear amounts or formulas and timing details.
State the scope of the release, whether it covers known and unknown claims, and any exceptions (such as vested benefits or statutory rights).
Specify confidentiality and non-disparagement obligations including duration, permitted disclosures, and remedies for breach.
List company property to be returned, deadlines, and conditions for withholding final payments if items are not returned.
Include governing law, forum selection, and whether mediation or arbitration is required prior to court action.
| Field | Configuration |
|---|---|
| Signer Order | Set sequential signing when signatures must occur in a defined order. |
| Authentication Method | Choose email link, SMS code, or knowledge-based authentication depending on risk. |
| Required Fields | Mark signature, date, and initial fields as mandatory to prevent incomplete execution. |
| Audit Trail | Enable a complete audit trail capturing timestamps, IP address, and signer actions. |
Choose distribution channels that meet security and audit requirements for the agreement type.
For sensitive agreements select stronger signer authentication and a provider that preserves an audit trail and tamper-evident PDF.
Date when obligations begin and release takes effect; enter as MM/DD/YYYY.
Specify exact payroll dates or installment schedule for severance payments.
Set firm dates for returning property to avoid withholding disputes.
If required, follow local court filing deadlines or scheduling rules.
Retain executed copies per applicable retention rules and audit needs.
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial | Varies by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes (paid plans) | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |