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In this video tutorial, the importance of service agreements for newbies in the business industry is discussed. It emphasizes the need to not operate without one when landing a contract. The video explains that when you first land a contract, the hiring company will send you paperwork including vendor agreements and requests for insurance information, EIN number, and W9 form. It is highlighted that newbies often overlook the importance of protecting themselves in their eagerness to start working and make money. The concept of providing a service agreement to protect oneself is emphasized throughout the tutorial.
