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In this video, the speaker introduces a client contract template that was created by a lawyer and originally released for free on the channel. The contract is designed for freelancers starting out and covers legal language and payment terms. The template, worth a thousand dollars, is suitable for any service being sold to businesses (B2B), such as marketing or website development. The updated version of the contract is available for free in the video description. Viewers are encouraged to download the template for their use.