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Each year, many Americans are let go from their jobs and offered severance packages in exchange for signing a contract. This video explains what is typically included in a severance agreement and highlights the importance of understanding the terms before accepting the deal. By comparing different severance agreements, viewers can see the potential differences in compensation and legal rights that may be forfeited. The video features real severance agreements from former clients, with identifying information redacted. Additionally, the creator has made other videos on severance topics for further information.