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In the 5-minute legal Master Series, board-certified creditors' rights attorney Nicholas D. Crawick discusses the importance of credit agreements. He emphasizes that while it's tempting to focus on the positive aspects of gaining a new customer, creditors must also consider the potential for that customer to become a debtor. Extending credit involves lending the company's money and carries the risk of non-payment. Therefore, it's crucial to be proactive at the start of the business relationship by anticipating the rights and remedies available should the customer fail to comply with the agreement. Preparing for potential collections from the very beginning is essential, despite the uncomfortable nature of this consideration.