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The tutorial discusses how to analyze and evaluate contracts in business and personal matters. Contracts are used to define obligations, responsibilities, and recourse for involved parties. Whether you are a business owner, employee, or individual, it is important to have the skills to successfully evaluate, analyze, and negotiate contracts. Examples of contracts include purchasing agreements for buying a house or hiring a web designer. Some contracts can be lengthy, so it is important to know how to effectively evaluate them. The first step is to determine the type of contract that is right for you.