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Each year, many Americans are fired or let go from their job and offered a severance package in exchange for signing a contract. This video explains what is typically included in a severance contract, emphasizing that they involve giving up legal rights. The video compares a $10,000 severance agreement with a $400,000+ severance agreement to illustrate differences. The agreements shown are real, with identifying information redacted, and the video creator has made other videos on severance topics.