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In the previous video, the focus was on managing employee performance in light of NFL's Black Monday and the inevitability of terminations in workplaces. A termination checklist was introduced to ensure compliance during the process. Tip one advises determining if the employee is "at will" or under an employment agreement, ensuring consistency with the terms and checking for severance provisions if the termination is without cause. Tip two emphasizes the importance of gathering and reviewing all relevant documents, including offer letters, manuals, and agreements that outline the rights and obligations of both parties. Tip three highlights the necessity to review state final payment rules, as regulations may vary.