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In this video, the key points discussed are about acceptance letters in academia, research proposal, CV writing, and mentioning research background in applications for master's and PhD programs. Acceptance refers to an agreement between a student and supervisor for lab access. Research proposal and study plan are important for master's applications. In CVs, it is essential to provide a brief description of oneself, previous University, and research background. Research interests should be mentioned in applications for both master's and PhD programs.