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Each year in America, many people are fired and offered severance packages. These packages involve exchanging money for a signature on a contract. This video explains the typical contents of a severance contract, highlighting that they involve giving up legal rights. To make the topic interesting, the video compares a $10,000 severance agreement with a $400,000+ one. The agreements shown are real but have been redacted for privacy. Check out other videos on severance for more information.