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In this video tutorial, the speaker emphasizes the importance of service agreements for individuals starting a new contract. They explain that when someone secures their first contract, clients typically send various paperwork, including vendor agreements, policies, insurance information, EIN, and W9 forms. New contractors, eager to begin work, often focus on fulfilling these requests without fully considering their own protection. The speaker warns that in the rush to provide information, they may overlook the necessity of establishing a service agreement, which is crucial for safeguarding their interests in the business relationship.
