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In this video tutorial, the speaker discusses the concept of a letter of claim, detailing its purpose and importance. A letter of claim is essentially a formal communication outlining the specific claim one party is making against another, whether it involves financial compensation or the fulfillment of an obligation. The necessity of such a letter is based on fairness, as it ensures the other party is fully informed about the nature of the claim and the reasons behind it. The speaker promises to address any questions in future videos, encouraging viewers to comment with their inquiries and to subscribe for updates. The tutorial aims to cover how to write a letter of claim and how to respond to one effectively.