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In this video tutorial, the speaker emphasizes the importance of service agreements, particularly for newcomers who have just secured their first contract. They discuss the typical paperwork that clients provide, including vendor agreements, policies, insurance information, and tax forms like the EIN and W9. New hires often rush to complete these documents to start working quickly, but the speaker warns against neglecting self-protection. A service agreement is crucial to ensure that contractors safeguard their interests and clarify terms before commencing work, highlighting that it’s essential to take this step seriously for legal and operational security.