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Employment agreements are essential documents that outline the terms and conditions of employment, governing what employees can and cannot do at work. The speaker emphasizes that individuals often spend more time at work than with family or pursuing hobbies, underscoring the significance of these agreements. They are not only crucial during employment but can also have long-lasting effects even after employment ends. The tutorial aims to highlight the importance of understanding employment agreements and provide examples to illustrate their significance. Overall, the employment agreement is a vital aspect of professional life that warrants proper attention and understanding.