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In this video, the presenter outlines their sales and service agreement, detailing the specific contract used to finalize business deals. They explain the importance of this document, which is presented after potential clients have reviewed the price, proposal, and references, just before closing the deal. The presenter emphasizes that the contract must be signed to officially seal the agreement. They share that creating this document required hiring a lawyer, costing approximately $1,000, and offer viewers an editable version of the contract at the end of the video, providing significant value for free.