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In this video tutorial, the presenter discusses the significance of understanding subcontract agreements, especially since most project packages involve subcontractors. The subcontract agreement defines the relationship between the main contractor and the subcontractor. The presenter will break down the subcontract agreement and highlight 11 key clauses typically found within it. The subcontract agreement is described as an agreement where the main contractor hires the subcontractor to perform part of the project work. For those unfamiliar with the distinctions between a main contractor and a subcontractor, a comparative video link is provided in the description. The tutorial then proceeds to explain the details of the subcontract agreement.