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In this video, Preet Singh from Sharon Law Firm addresses small business owners about the significance of lease agreements, highlighting that rent is a major recurring expense. She emphasizes the importance of understanding the various terms and provisions included in leases. The discussion will cover general issues related to leases and the assignment of leases, noting that they are crucial for businesses that typically operate in rented spaces, such as shopping centers or standalone buildings. Preet stresses that leases are vital to the operation of small businesses, referring to them as the "blood" of these enterprises. Multiple video sessions will follow to explore this topic further.