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In this video tutorial, the importance of service agreements is discussed, emphasizing the need for protection when entering into contracts. Newbies are often eager to start working and may overlook the necessity of having a service agreement in place. Clients will typically request various documents, such as insurance information and tax forms, before starting a project. It is crucial to ensure that both parties are protected by having a service agreement that outlines the terms and conditions of the work to be done.