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Each year, hundreds of thousands of Americans are fired or let go from their job and offered a severance package. This video explains the contents of a typical severance contract, highlighting that accepting a severance deal involves giving up significant legal rights. The video keeps things engaging by comparing a $10,000 severance agreement to a $400,000+ severance agreement. The viewers will see actual severance agreements (with redacted information) from former clients of the speaker, who has made other videos on severance topics as well.