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A professional services agreement is established between an individual or company and a contractor providing specific services. Professional services encompass various industries, including lawyers, electricians, carpenters, financial advisors, and architects, and typically require specialized licenses or certifications. In contrast, consulting is usually not classified as a professional service. To ensure a solid business relationship between a professional and a client, it is crucial to develop a comprehensive contract. This contract should clarify responsibilities, address potential questions, and prevent misunderstandings. The video also offers a free template for creating such an agreement.
