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The key points in the text are about finding a good program for movie editing that is easy to use alongside music production. The speaker personally uses Sony Vegas for editing, while their team uses Adobe Premiere. They emphasize that the editing process for music and movies is similar, so if you can edit music, you can edit movies. Additionally, there is a discussion about exchanging services for talent without money involved, with the advice to modify a contract to make the terms clear. Legal jargon is not necessary in contracts.