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In this video tutorial on Service Level Agreements (SLAs), the presenter explains what SLAs are, highlighting their key features and common issues encountered during their implementation in projects and operations. An SLA is defined as a document outlining the services provided, performance levels, consequences for underperformance, and provisions for dispute resolution and performance monitoring. The importance of performance metrics is emphasized, indicating that SLAs serve to clarify expectations between service providers and consumers, both in personal usage of web services and professional operational contexts.