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Rainey from ososimply.com introduces a two-part series on contracts. She recounts a true story where she picked up a child after school to buy glitter for shiny slime. After a minor car incident while leaving a grocery store, she reflects on the importance of having a plan in such situations. Thankfully, no one was hurt, and she was prepared due to prior discussions with the child's mother. Rainey emphasizes that while verbal agreements may seem easier and less intimidating, they lack legal standing. In contrast, a signed contract is essential as it is binding and provides clarity in agreements.