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In this video tutorial, Erica emphasizes the importance of having contracts for social media managers and virtual assistants. She shares her personal experience of operating without a contract, which led to difficulties, particularly when a client failed to pay. Erica stresses that contracts are essential for protecting oneself and ensuring accountability in client relationships. She introduces herself as a social media management coach and the owner of an agency that helps others launch and scale their own businesses. Erica intends to provide guidance on what to include in contracts to prevent similar issues for her audience.