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In this video tutorial, the presenter discusses the necessity of having a contract as a freelance social media manager. Key topics include whether a contract is needed, what to include in it, and who should set it (the client and the freelancer). The video emphasizes the importance of including package pricing, start and end dates, and cancellation procedures in the contract. Additionally, the presenter plans to share a real-life example of a contract they've used. Viewers are encouraged to subscribe and engage with the content if it's found helpful. The discussion aims to clarify the essentials of social media management contracts.