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This video tutorial focuses on severance agreements, explaining their purpose and how individuals can enhance their negotiating leverage for better severance packages. A severance agreement is a contract where the employee relinquishes their right to sue the company in exchange for financial compensation. Employers utilize these agreements to gain peace of mind and certainty, as signing the agreement typically prevents legal action. The video also promises to provide six valuable bargaining chips to assist in negotiations. Overall, severance agreements are usually standardized, enforceable contracts that significantly limit an employee's legal recourse after signing.