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Steve Parra, a Vancouver business lawyer, discusses the importance of shareholders agreements in a business context. He notes that these agreements are often lengthy and complex, ranging from 15 to 60 pages, making them difficult for clients to comprehend and leading many to procrastinate on signing them. Parra likens this hesitance to the reluctance of going to the dentist, emphasizing that, despite their intimidating nature, these agreements are crucial for the long-term success of a business. He introduces a scenario involving a friend's property management company to illustrate these points.