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In this video tutorial, the speaker emphasizes the importance of having a service agreement when starting a new contract. Many newcomers rush to provide vendors with required documentation, such as insurance details, EIN numbers, and W-9 forms, in their eagerness to get to work. However, the speaker warns that in the excitement, individuals often overlook the necessity of protecting themselves legally. A service agreement serves as a crucial safeguard, outlining the terms and responsibilities, ensuring both parties are clear on expectations and protecting against potential issues that could arise during the contract.
