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In this video, Preet Singh from Sharon Law Firm discusses the significance of leases for small business owners, highlighting that lease agreements are a major regular expense. She emphasizes the importance of understanding lease terms and provisions, as well as the concept of lease assignment. Singh plans to conduct multiple video sessions to delve into various aspects of leases, indicating that they are crucial for small businesses, which often operate in rented spaces such as shopping centers or standalone buildings. The lease is portrayed as essential for business functionality and sustainability.