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In this video, the speaker emphasizes the importance of having a service agreement in place when beginning a new contract. New contractors often receive vendor agreements and various documentation requests, including insurance information and tax forms, from clients. While the eagerness to start working and earn money is understandable, the speaker warns that protecting oneself through a service agreement is crucial. This agreement helps outline terms and conditions, ensuring both parties are clear on expectations and responsibilities, thereby safeguarding one’s interests in the business relationship.
