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In this video tutorial, the host welcomes viewers and encourages newcomers to subscribe, especially those interested in modeling or acting. The channel offers weekly tips for aspiring models and actors. The video focuses on explaining the four main types of modeling contracts. The first contract discussed is the Mother Agency contract, which refers to the initial agent a model signs with. For example, the host mentions "Few Models" in Lagos, Nigeria, as an illustration of a mother agency. The video promises to break down the remaining types of contracts in detail.