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Each year, hundreds of thousands of Americans are fired or let go from their jobs and offered severance packages in exchange for signing a contract. This video explains the contents of a typical severance agreement and highlights that they involve giving up legal rights. The video makes this topic more engaging by comparing a $10,000 severance agreement to a $400,000+ severance agreement. Actual severance agreements from former clients are shown, with identifying information redacted, to provide real-life examples. The video also mentions other related videos on severance and how to determine if a severance offer is fair.