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In this video, the host provides an overview of their sales and service agreement used to finalize business deals. They explain the significance of each clause in the contract, which comes into play once clients have reviewed the price, proposal, and references. The contract acts as the final step before sealing the deal. The video includes the exact contract they use, created with the help of a lawyer at a considerable cost, which the host offers as an editable document for viewers. The content emphasizes the importance of a well-structured sales agreement in the closing process.