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The video discusses the content of typical severance contracts given to employees who are let go from their jobs in America. These contracts offer money in exchange for the employee's signature, but they involve giving up significant legal rights. The video aims to explain the details of these contracts, using examples of a $10,000 severance agreement and a $400,000+ severance agreement. The presenter clarifies that the examples shown are real severance agreements, with identifying information redacted. This video is part of a series on severance agreements.