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In this discussion, the speaker highlights the common practice of skipping the reading of Terms of Service Agreements before agreeing to them. It is noted that comprehensively reading these agreements would require about 250 hours annually, equivalent to 30 full working days. Seth Stephenson, a senior writer for Slate, comments that the primary purpose of these agreements is to protect companies rather than users. He points out that beneficial information for users is often presented in small print and hidden behind multiple clicks, emphasizing that these agreements are designed to limit the company's legal liabilities and protect them from potential lawsuits.