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In this video tutorial on Service Level Agreements (SLAs), the presenter explains what an SLA is, highlighting its role in both consumer and professional contexts. An SLA is defined as a document that outlines the services provided, performance standards, consequences for failing to meet those standards, and provisions for dispute resolution and performance monitoring. Key features of SLAs and common implementation issues in projects and operations are also discussed. The emphasis is placed on the importance of performance metrics within SLAs, as they are central to understanding the expectations and responsibilities of the parties involved.