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In this YouTube video tutorial, Mike the businessman discusses the importance of having a proper rental agreement when renting out vehicles. He emphasizes the significance of following processes and procedures to avoid legal and financial issues. Mike highlights the need to have rental car agreements created by a lawyer to cover all bases. Skipping this step can lead to potential problems, both legally and in the event of an incident. It is essential to have a well-drafted rental agreement to protect yourself and your business.