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In this video, attorney Thomas Lawyers from the award-winning Burroughs law firm discusses software development agreements. These contracts typically involve multiple developers building software for a client. He outlines two primary types of agreements: the agile and waterfall methods. Both require precise drafting of clauses to prevent misunderstandings or mis-specifications regarding project requirements, timelines, and deliverables. Key details typically included in software development agreements involve the client's specific requirements and expectations. The video emphasizes the importance of clarity to avoid potential pitfalls in software development projects.