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In today's video, Mike the businessman discusses the importance of having a properly created rental agreement when renting out vehicles. Many people fail to follow procedures and end up not having a rental agreement in place, which can lead to legal and financial issues in case of an incident. Mike stresses the importance of having a lawyer create a rental car agreement to cover all bases and prevent potential problems.Skipping this step could result in serious consequences for both the renter and the vehicle owner.