An Employee Separation Agreement is a legally binding document that outlines the terms of a separation between an employer and an employee. It typically includes details such as the reasons for the employees’ departure, their rights and obligations under the agreement, any financial considerations involved, and any other relevant information associated with the separation. By signing this agreement, both parties agree to be bound by its terms and conditions, thus preventing future disputes or misunderstandings. Such agreements help protect employers from legal consequences and provide employees with clarity about their rights.