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Each year, hundreds of thousands of people in America receive severance packages when they are fired or let go from their jobs. This video explains the typical contents of a severance contract, highlighting that these agreements involve giving up legal rights. To make the topic more engaging, the video compares a $10,000 severance agreement with a $400,000+ severance agreement. The speaker clarifies that the actual severance agreements shown are from former clients, with all identifying information redacted. Additional videos on severance topics are also available for further information.