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Archive for the ‘Legal’ Category

New Webcomics series brought to you by #entrepreneurfail and Enjoy! If we got a dollar every time someone told us to sign an NDA (non-disclosure agreement), we’d retire right now. The irony is that NDAs, trademarks, patents and copyrights are very expensive to defend for a small business. Many aspiring entrepreneurs are concerned that their startup […]

Article Contributed by Dr. Joey Faucette ABC’s “Good Morning America” ran a story recently about 7-year-old Ransom Duel who noticed his classmate choking after eating a bite of a Nutella sandwich. Ransom picked up the jar, read “hazelnuts,” and knowing that his friend has an allergy to nuts, ran to get his teacher who brought […]


Privacy Tips for Small Businesses

Posted by Pamela Swift in Legal

Article Contributed by Heather Dorso from TRUSTe You may be a small business, but chances are you collect some form of PII. Even small businesses are accountable for the safety of user PII, and thereby must take adequate measures to protect it. Lead editor Monte Enbysk gathered TRUSTe’s insight to help develop 6 privacy […]

Your employees are your business’ most expensive asset. According to one estimate, up to a third of a person’s salary is devoted strictly to hiring costs. The cost of hiring the wrong employee is even more- reportedly up to twice an employee’s annual salary. Making smart hiring decisions can be tough- you want an employee […]


More Questions Concerning Severance Agreements

Posted by Charles Krugel in Legal

Ritu Anand of GE India sent me the below questions concerning my October 28, 2007, post concerning severance and separation agreements.
Hi Charles,
Thanks for throwing light on this subject! However, I have a few doubts and would appreciate if You could help resolve them:
1. What is the guarantee that the exiting employee would not reveal the secrets/sue the firm even after signing the severance agreement/taking the money ?
2. is this a common practice in US/other parts of the world?
3. If this is a common practice with the organizations in the US , most of the companies would end up busting their HR budgets by paying severance to the exiting employees and all working population must be aware of this .. your views ..
Ritu Anand
GE – India
My response to Ritu follows:

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