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Each year, many people in America are fired or let go from their jobs and offered severance packages. When accepting these deals, employees exchange their signature for money. However, severance contracts are not free money, as signing them means giving up significant legal rights. This video explains the contents of typical severance contracts by comparing a $10,000 agreement to a $400,000+ agreement. The video features real severance agreements from the speaker's former clients, with identifying information redacted. It is part of a series of videos on severance packages.
