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In this video, Arturo invites Joel Kaplan, CEO of Agency Lab, to discuss creating a contract for agency owners. Joel, who has successfully scaled his own agency to 300K per month, emphasizes the importance of having a solid contract. Together, they walk through the contract, explaining necessary changes and crucial elements to include. Joel's experience includes coaching agency owners to help them secure their first five clients and scale up to 100K monthly. The tutorial aims to provide viewers with a comprehensive understanding of contract essentials. Viewers are encouraged to watch until the end for valuable insights.