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This video tutorial focuses on severance agreements, which are contracts that involve giving up the right to sue an employer in exchange for monetary compensation. The primary goal of severance agreements for employers is to ensure peace of mind and certainty, as signing the agreement typically prevents further legal action. The video aims to help viewers enhance their negotiation leverage for better severance pay, culminating in the presentation of six valuable bargaining chips. The severance agreements are generally standardized and enforceable, making it crucial for individuals to understand their terms before signing.