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contracts and service agreements agreements made with vendors contracts are legally binding agreements made between two different parties which could include employees employers agreements being made between businesses as well as individuals and businesses a contract will document a variety of areas that both parties must adhere to once the contract has been signed a service agreement is a specific type of contract which is made between a service provider and a customer and thats what were going to focus on in todays video were going to be taking a look at service agreements and their terms and conditions So within a service agreement usually the following types of components are covered so firstly we have the scope of work which is description of the agreed services that will be provided by the service provider and essentially what they have to do for the person that they entered into this contract in so it could be doing a specific job task uh build something for them repair a sp