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In this video, we discuss the importance of the sales and service agreement in closing business deals. This contract is presented to clients after they have reviewed proposals, examples, and references. The agreement is a crucial step before finalizing the deal, as clients must sign it for the deal to be official. The agreement is dated and was written with the help of a lawyer, emphasizing its importance in the sales process. Stick around till the end of the video for a downloadable editable version of the contract.