A severance agreement is a contract that you may be asked to sign. Usually, it contains the amount of your severance pay and other benefits. This is offered by your employer in exchange for your agreement to release any claims against them. In addition, it includes language waiving your right to sue the employer. By law, this waiver of the right to sue must be written in plain English. The employer must also inform you in writing that you may consult an attorney before waiving the right to sue.