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This video discusses the importance of having a sales and service agreement in place with clients. The agreement is a crucial step in the sales process, occurring right before the deal is sealed. The narrator provides insights into the key elements of the contract and why they are included. The agreement is designed to protect both parties and ensure clarity in the business relationship. The video also offers viewers access to a downloadable editable version of the contract. The narrator emphasizes the value of having a professionally crafted agreement, highlighting the investment made in hiring a lawyer to create it.