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In this tutorial, Steve Gostin discusses the significance of company management agreements for businesses and individuals, including vendors and employees. He emphasizes the necessity of having clear documentation to define expectations and protect all parties involved. Management agreements serve as a crucial reference for ensuring compliance by vendors and employees, as well as for personal accountability within the organization. Gostin advises that having a written agreement is essential for both parties to confirm that commitments are being met and allows for verification of the company's promised deliverables. Overall, these agreements foster clarity and protection in business relationships.