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In this YouTube video tutorial, Mike the businessman discusses the importance of having a proper rental agreement in place when renting out vehicles. He highlights the risks of not having a legally binding agreement, emphasizing the importance of having a lawyer create a rental car agreement to cover all bases. Mike stresses the significance of following processes and procedures to avoid potential legal issues and ensure a smooth rental process.Skipping this step can lead to various problems, both legally and in the event of an incident.