Requirements errors are deficiencies in requirements documentation that can hinder software development if not addressed. There are several types of requirements errors, including errors of omission, commission, clarity/ambiguity, and performance. Requirements errors are costly to fix and can negatively impact stakeholders if the resulting software does not meet real user needs. It is better to prevent requirements errors through techniques like joint application development, quality function deployment, prototyping, requirements inspections, and ensuring domain understanding and stakeholder participation during the requirements engineering process.