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Each year, many people in America are let go from their jobs and offered severance packages. This video explains what these contracts entail, highlighting that they involve giving up legal rights in exchange for money. The narrator compares a $10,000 severance agreement with a $400,000+ one to keep the topic engaging. The video features real severance agreements from former clients, with identifying information redacted, and the narrator has made other videos about severance as well.