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In this video tutorial from Doc Bros, the importance of having an investment agreement is emphasized for both companies and investors. The agreement plays a crucial role in minimizing risks by clearly defining investment terms, rights, and obligations of both parties, which helps prevent future disputes. Key components include specifying the share price and payment arrangements, allowing for options like installment payments. The agreement also outlines investors' rights, ensuring that all expectations and responsibilities are documented to protect the interests of both the investor and the company.