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In this tutorial, Elena from Team Rahul Dave explores the significance of software development contracts. She emphasizes that these contracts are crucial for bridging the gap between great software ideas and their successful execution. A software development contract is essentially an agreement between a company and a developer, detailing project requirements and timelines, functioning as the project's rulebook. Elena illustrates the importance of having a clear contract by referencing a real-life case where misunderstandings arose due to the absence of one. The session aims to clarify the complexities of such contracts and their vital role in software projects.