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In this video, the presenter addresses freelancers concerned about contract essentials, including legal language and payment terms. They showcase a client contract template created by a hired lawyer, which originally cost a thousand dollars but is now offered for free. The video aims to provide an updated version of this template based on insights gained over the years. The contract is applicable for various services, particularly in B2B contexts like Facebook ads management, marketing, and website or mobile development. Viewers can access the free contract template through a link provided in the video.