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In this video tutorial, the importance of service agreements is discussed, emphasizing the need to not operate without one. When starting a new contract, it is common for the hiring party to request various documents such as insurance information, EIN number, and W9 form. It is essential to not overlook the importance of protecting oneself by providing a service agreement to outline terms and conditions. Rushing through paperwork to start work quickly can result in neglecting necessary precautions.