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At x27, we regularly hire contractors and just hired a new sales team member. In the video, the offer letter and contract template used are shared, which can be accessed through the link provided. The template begins with addressing the contractor by name and offering the position of Business Development Associate. The contract covers the initial month at a lower rate to test if they are a good fit before a full contract is offered. Details such as title, position, and exclusivity are included in the offer letter.