A Company Separation Agreement is a document that outlines the terms and conditions for the separation of parties associated with a company. This could include assets, liabilities, intellectual property rights, and future obligations in order to reach an agreement between all parties involved. Such an agreement can help ensure that any severance responsibilities are met, that financial commitments and ownership transfer details are detailed and outlined, and that business continuity is maintained. This agreement should be clear and succinct; every detail should be clearly laid out including dates and signatures from involved parties. Taking the time to craft a thorough and airtight agreement can save time, money and worries down the line.