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In this video, the speaker discusses the importance of service agreements, especially for newcomers who have just secured their first contract. They emphasize that when clients send paperwork, including vendor agreements and policy demands, it's crucial not to overlook the necessity of protecting oneself. New contractors often focus on completing forms and providing information like insurance details and tax documents in their eagerness to begin work. However, the speaker warns against moving too quickly and neglecting to establish a service agreement, which is vital for protecting one's interests in the business arrangement.
