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In this video tutorial, the speaker emphasizes the importance of having a service agreement when starting a new contract. New contractors often receive various paperwork from clients, including vendor agreements and requests for documents such as insurance information, EIN numbers, and W-9 forms. While it’s easy to focus on fulfilling the client's requirements and getting to work, the speaker warns that it’s crucial to protect oneself by providing a service agreement. This agreement outlines the terms and expectations, ensuring that both parties are legally protected and clear on their responsibilities.
