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In this tutorial, Steve Gostin discusses the significance of company management agreements for businesses and individuals involved, including employees and vendors. He emphasizes the importance of having clearly documented agreements to protect all parties and ensure mutual understanding of expectations. These agreements facilitate accountability, allowing for follow-up on compliance by vendors, employees, and managers. For employees and managers, having a written agreement is essential as it serves as a reference point for expectations and responsibilities, providing protection and ensuring that both the company and individuals deliver on their commitments.