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In this video, the speaker addresses freelancers' concerns about contract details, specifically legal language and payment terms. They introduce a client contract template, which was created by hiring a lawyer at a cost of about $1,000. The speaker has previously released this template for free and is now providing an updated version based on recent experiences. This contract is suitable for various services sold to other businesses, including Facebook ads management, marketing, website development, and mobile development. Viewers can access the free template via a link provided in the video. The speaker will demonstrate the contract on-screen.