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Each year, hundreds of thousands of Americans are let go from their jobs and offered severance packages in exchange for their signature. This video explains what is typically included in a severance contract, highlighting that they involve giving up legal rights. The video keeps things interesting by comparing a $10,000 severance agreement to a $400,000+ one. The presenter shares real severance agreements from former clients, with identifying information redacted, to provide insights. Additional videos on severance can be found on the channel.