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This video explains the contents of typical severance contracts that employees are presented with when they are fired or let go from their jobs. When accepting a severance deal, employees are given money in exchange for signing the contract, but it comes with giving up significant legal rights. The video compares a $10,000 severance agreement with a $400,000+ severance agreement to illustrate the differences. The presenter mentions that the actual severance agreements shown are from former clients, with all identifying information redacted. This video is part of a series on severance agreements.