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In this video tutorial, the importance of service agreements for new contractors is emphasized. It is mentioned that upon landing a contract, the hiring company typically requests various documents such as insurance information, EIN number, and W9 form. While new contractors may be eager to start working and quickly provide all required information, it is crucial to not overlook the need to protect oneself by having a service agreement in place. This agreement helps to outline the terms and conditions of the service being provided, protecting both parties involved.
