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In this video, the speaker emphasizes the importance of having a service agreement when starting a new contract. They explain that new contractors often receive vendor agreements and various requests for documentation, such as insurance information and tax forms, from clients eager to begin work. However, in the rush to comply with these requests, newcomers often neglect to prioritize their own protection. The speaker stresses that it is crucial to have a service agreement in place to ensure legal and business protections, preventing potential issues down the line.
