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In this video tutorial, Rainey from ososimply.com begins a two-part series discussing contracts. She shares a personal story about picking up a child after school to buy glitter for making shiny slime. After a minor car incident, she highlights the importance of having discussed this scenario with the child's mother in advance. Rainey emphasizes that while verbal agreements may seem simple and less intimidating, they lack legal weight. A signed contract is essential as it is binding and provides clarity in such situations, ensuring both parties are protected and aware of their responsibilities.