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In this video, Christopher Neufeld from Newfoundland Legal discusses the notice of termination in the context of employee termination. A notice of termination is a legally mandated document issued by an employer when terminating an employee without cause, per employment standards legislation. The employer must decide whether to offer termination pay or provide a notice period, during which the employee is expected to search for new employment. The video highlights the importance of weighing the pros and cons of giving a notice of termination versus termination pay, emphasizing the implications for both the employer and the employee during the termination process.