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In today's video, the speaker discusses the necessity of contracts for agencies. They emphasize that contracts can sometimes be ineffective and not legally binding. The speaker provides tangible examples to demonstrate why contracts may not always guarantee payment or hold up in certain situations. Beginners often stress over contracts, believing they are a secure agreement for both parties. However, the speaker advises that contracts may not always ensure payment or protection. Despite this, the speaker recommends having a contract in place for added security.
