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The video discusses the importance of a payment agreement in freelancing, stating that a deal is only finalized when the payment is received, not just when the client agrees. It emphasizes the necessity of negotiating payment terms and using a payment agreement to ensure proper documentation. The video features Signaturely, a company providing a free payment agreement contract template that can be used without the need for a lawyer. It also highlights Signaturely as a top e-sign tool, offering three free signed contracts monthly, making it a suitable option for freelancers needing contract signatures. The video encourages viewers to explore the free payment agreement link provided.