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This video explains the contents of typical severance contracts given to employees who are fired or let go. When an employee accepts a severance deal, they are paid in exchange for signing the contract, which involves giving up legal rights. The video compares a $10,000 severance agreement to a $400,000+ severance agreement to illustrate the differences. The video features real severance agreements from former clients, with identifying information redacted. The creator has made other videos on severance as well.