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In this tutorial, Pete Reinhardt discusses key considerations before signing a severance agreement, which employers commonly offer when terminating employees without misconduct. He notes that employers are not legally required to provide severance payments or specify amounts. Typically, a written agreement is required, often titled differently (e.g., resignation and release agreement). Such agreements create significant legal rights and remedies for both parties. While severance payments can help the departing employee financially in the short term, the agreement also serves important purposes that go beyond immediate financial assistance.
