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In this tutorial, Thomas Lawyers discusses software development agreements, which are contracts between developers and clients for software creation. There are two main types of agreements: agile and waterfall. Both require precise drafting to avoid misunderstandings regarding specifications, development timelines, and deliverables. Key elements typically included in these agreements are the client's requirements, development scope, timelines, and payment terms. The firm highlights the importance of clarity in these documents to prevent potential pitfalls during the software development process.