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The video tutorial discusses key elements to include in a distribution agreement. It emphasizes the importance of having a clear understanding of the products involved, ensuring that the agreement specifies which products the distributor has the right to distribute. This clarity is particularly vital for exclusive distribution rights, such as those limited to a specific region like Australia. By clearly defining the goods associated with these rights, the agreement minimizes the risk of future disputes between the parties involved. The narrator provides a checklist to help ensure all necessary details are covered before entering into the agreement.