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This video discusses the importance of having service agreements in place when operating a business. When starting out, it is common for newbies to be eager to land contracts and start working without considering the need for protection. Clients will typically request various documents such as insurance information, EIN number, and W9 form. However, it is crucial to also provide a service agreement to protect yourself and clarify expectations. Moving quickly to start work can lead to neglecting important steps for self-protection. Be sure to establish clear service agreements to safeguard your business interests.