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This video discusses the importance of having a sales and service agreement in place before closing a deal with clients. The contract is essential for finalizing the agreement and ensuring both parties are clear on the terms. The speaker will share the exact contract used by their company and explain the significance of each clause. Stick around for the end of the video to receive a downloadable editable version of the contract. The agreement is dated and was created with the help of a lawyer, costing around a thousand dollars.