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A professional services agreement is established between an individual or company and a contractor providing specific services. Professional services encompass various industries, including lawyers, electricians, carpenters, financial advisors, and architects, while consulting services typically do not qualify. Providers of professional services must possess a specialized license or certification relevant to their trade. Creating a solid contract is crucial upon hiring a contractor or acquiring a new client, as it clarifies responsibilities, addresses questions, and helps prevent misunderstandings. The video promises to offer a free contract template for viewers at its conclusion.
