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Howard Snader, owner of the Snyder Law Group in Phoenix, Arizona, discusses plea agreements, which are negotiated outcomes between the defendant and the prosecutor, not the judge. He highlights that such agreements can lead to reduced incarceration time, lower fines, or a lesser charge, benefiting the defendant compared to the potential consequences of losing a trial. However, when entering a guilty plea, defendants must waive their constitutional rights, a process that the judge will explain to ensure understanding. Ultimately, the plea agreement serves as a strategy to achieve a more favorable outcome.