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In this video, the speaker emphasizes the importance of having a service agreement when starting a contract, especially for newcomers. Once you land your first contract, the hiring company will typically send various paperwork, including vendor agreements and requests for your insurance details, EIN number, and W-9 form. In the excitement to begin work and earn money, many overlook the need for self-protection. The speaker warns that neglecting to establish a service agreement can lead to vulnerabilities, highlighting that it's essential to safeguard yourself while engaging with clients.
