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In this video, business attorney Roxanne Smithers discusses the Master Application Development Agreement, which is designed for app developers to establish terms with clients. The master agreement allows developers to avoid renegotiating contracts for each new project with ongoing clients. Instead, they can issue a specific scope of work for each project, which adheres to the master terms. The video aims to provide an understanding of this agreement, starting with the scope of services, offering initial preliminaries for the contractual relationship and the projects involved.