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Each year, hundreds of thousands of Americans are fired or let go and presented with severance packages. Accepting a package involves signing a contract in exchange for money, but it requires relinquishing certain legal rights. This video discusses the typical contents of a severance contract, emphasizing that it's not just free money. To engage viewers, the tutorial will compare a $10,000 severance agreement with a $400,000 agreement. The presenter will showcase actual severance agreements from former clients, with all identifying information redacted. Additionally, the video references other content on how to evaluate severance offers.