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In this video on Service Level Agreements (SLAs), viewers will learn about the definition and key features of SLAs, along with common issues that arise during their implementation in projects or operations. An SLA is described as a document that outlines the services provided, performance levels, consequences for not meeting these levels, and provisions for dispute resolution and performance monitoring. The speaker emphasizes the importance of understanding SLAs as they are often encountered by consumers and professionals alike, especially in the context of web services and operational roles. Performance is highlighted as a central theme in the discussion.