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This video discusses the importance of having a sales and service agreement in place before finalizing deals with clients. The agreement is a legally binding document that outlines the terms and conditions of the partnership. The speaker provides insight into the key components of the agreement and its role in the sales process. They also offer viewers a free editable version of the contract for their own use. It is emphasized that investing in a well-written agreement is crucial for protecting both parties involved in the business transaction.