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In this video, the channel discusses the sales and service agreement used to finalize business deals. The speaker explains the exact contract presented to clients just before closing a deal, after they have reviewed the price, proposal, and references. The sales and service agreement, dated on the 9th day, includes various legal terms to protect both parties. The speaker notes that the contract cost about a thousand dollars to create with the help of a lawyer, emphasizing its value. Additionally, viewers are encouraged to stay until the end of the video for access to an editable version of the contract.