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Service agreements are crucial for inspection services, detailing payment, responsibilities, and limitations. It's vital to complete these agreements accurately before signing, either by the client or both parties. The video demonstrates how to configure a service agreement in Eneris, ensuring it's automatically populated with essential details like the client's name, inspection address, and service cost. The tutorial shows how to access the settings, click on agreements and disclaimers, and open the service agreement template. Users can input their pre-existing service agreement, which may be drafted by an attorney or sourced from organizations like ASHI or InterNACHI.