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In this video tutorial about how to write a termination letter, the speaker introduces a three-part termination system. Instead of a termination letter, they suggest starting with a termination notice that explains the purpose and reason for termination. The reason for termination is clearly stated in a brief manner, such as unsatisfactory conduct or violating employment policy. The speaker emphasizes the importance of being clear and concise in the termination notice to effectively communicate the reason for termination to the employee.