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In this video, the speaker discusses their sales and service agreement contract used to finalize deals with clients. They explain the significance of each line in the contract, which comes into play after clients have reviewed pricing, proposals, and references. The contract is presented just before closing the deal, making it essential for official agreement. The speaker mentions that creating this document cost around a thousand dollars, emphasizing the value of the insights shared. Towards the end, viewers are offered an editable version of the contract for free, providing additional value from the tutorial.