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Thomas Loya is a principal at the award-winning technology law firm, Knockin Burroughs, which specializes in intellectual property and corporate law. In this video, he discusses software development agreements, highlighting two types of agreements (agile and waterfall), common clauses, and pitfalls to avoid. A software development agreement is a contract where developers create software for clients, requiring precision in drafting to avoid misunderstandings. Key details in these agreements include client requirements, specifications, and timelines.