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Every year, many Americans receive severance packages after being let go from their jobs. These packages involve accepting money in exchange for signing a contract that often waives legal rights. This video details what typical severance agreements contain, emphasizing that the money is not free. To illustrate the differences, the video compares a $10,000 severance agreement with a $400,000 one. The presenter will share actual severance agreements from former clients, with all identifying information redacted to maintain privacy. The video also notes that the presenter has created additional content regarding the determination of fair severance offers.