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The video tutorial talks about the importance of having a service agreement when operating a business. When landing a contract, clients will usually request paperwork such as vendor agreements, insurance information, EIN number, and W-9 form. It is crucial to not overlook the importance of protecting oneself by having a service agreement in place. This document outlines the terms and conditions of the service being provided, ensuring both parties are clear on expectations and responsibilities. It is essential to have a service agreement to avoid potential conflicts and misunderstandings in the future.
