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In this video, Philip Limo demonstrates how to convert an employment confidentiality and non-compete agreement into Word for Windows 2010, using a document sourced from sample business contracts. He highlights the need for a web converter to address the formatting issues inherent in web-based documents, such as removing unnecessary carriage returns and replacing them with proper paragraphs. Although initial formatting recovery is limited, he plans to run a rich text conversion to enhance the document's overall quality by reapplying font attributes and addressing any remaining formatting issues.