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In this video tutorial, the speaker discusses the necessity of contracts for agencies. They emphasize that contracts can sometimes be ineffective and may not hold up. The speaker provides tangible examples of cases where contracts have not been upheld. They stress that beginners often stress over contracts and believe they are binding, but this is not always the case. The video explores the misconception that contracts guarantee payment and lock things into place for both parties. The speaker advises having a contract despite its limitations.
