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In this YouTube tutorial, Mike the businessman discusses the importance of having a properly created rental agreement for your rental vehicles. He emphasizes the need to follow processes and procedures to avoid legal issues and problems in case of incidents. A rental agreement created by a lawyer can cover all bases and protect both parties involved. It is crucial to have the right rental car agreements in place to ensure a smooth rental process and avoid any potential complications. Skipping this step can lead to significant problems in the future.