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This video tutorial focuses on severance agreements, which are contracts where an employee gives up their right to sue the company in exchange for monetary compensation. The primary purpose of such agreements for employers is to secure peace of mind and certainty. Once an employee signs a severance agreement, they generally cannot pursue legal action against the company, as these agreements are typically standardized and enforceable. The video aims to help viewers enhance their negotiating leverage for better severance packages and promises to provide six valuable bargaining chips at the end.