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This video explains the contents of a typical severance contract, highlighting that accepting a severance package entails giving up significant legal rights in exchange for money. The video compares a $10,000 severance agreement to a $400,000+ agreement to illustrate the differences. The text also mentions that actual severance agreements of the speaker's former clients will be shown, with identifying information redacted. The speaker clarifies that they have made other videos on severance as well.