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ummary: This video discusses software development agreements, which are contracts where developers create software for clients. There are two main types of agreements: agile and waterfall. Clauses in these agreements are crucial to avoid misunderstandings about what needs to be developed. Common details in a software development agreement include client requirements, scope of work, deliverables, payment terms, and intellectual property rights. Pitfalls in software development agreements include unclear specifications and lack of clear communication between parties.