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My company is offering me an early retirement contract. We…

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My company is offering me...
My company is offering me an early retirement contract. We have discussed it but I have not seen the written contract. My company expects me to wait until after the BOD meets and approves the contract before they show me the approved contract but then expects my early retirement date to be three days later. How long do I have to review a written contract before I decide whether to sign it or not? I also want to show it to my attorney.
Submitted: 2 years ago.Category: Employment Law
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3/7/2016
Employment Lawyer: Ely, Counselor at Law replied 2 years ago
Ely
Ely, Counselor at Law
Category: Employment Law
Satisfied Customers: 103,582
Experience: Years of experience in running a medium sized law firm.
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Hello and welcome to JustAnswer. Please note: This is general information for educational purposes only and is not legal advice. No specific course of action is proposed herein, and no attorney-client relationship or privilege is formed by speaking to an expert on this site. By continuing, you confirm that you understand and agree to these terms.

There is no statutory limit on how long a window one has to sign a contract. This depends on the verbiage in the offer. For example:

1) If the offer is made with a deadline, then the party has until that deadline to accept the contract.

2) If the offer is made open-ended with no deadline, then the party has a reasonable time to accept the contract (what is reasonable is subjective).

3) If the party counter-offers, then this is seen as a rejection of the original contract offer.

These rules are under the Uniform Commercial Code and apply to merchant accounts, but also have generally found themselves permeate general contract doctrine as well.

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Employment Lawyer: Ely, Counselor at Law replied 2 years ago
Hello again. This is a courtesy check in to see if you needed anything else in regards ***** ***** question because you never responded or replied positively. I am simply touching base. Let me know. Thanks!
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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