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This video explains the concept of severance agreements, where you give up your right to sue a company in exchange for money. The goal for employers is to buy peace of mind. Once you sign the agreement, you are usually unable to sue them. The video provides tips on how to increase leverage and negotiate for more money in severance agreements, including six valuable bargaining chips. Severance agreements are standardized, formulaic, and enforceable, making legal action against the company difficult once the agreement is signed.