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In this business law boot camp, Lloyd Chatfield discusses supply agreements, which are contracts for the sale of goods between companies, also known as sales or purchase agreements. He emphasizes that the video is for informational purposes only and does not constitute legal advice. The primary issues that often arise in supply agreements are quantity, term, price, warranty, and liability. Chatfield notes that determining the quantity being sold, such as "100 widgets," is often a straightforward aspect, but the complexity can increase when addressing the other issues related to the terms of the agreement.