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In this tutorial, the speaker discusses essential elements that should be included in a design contract, highlighting the distinction between proposals and contracts. Proposals outline project objectives, scope, phases, activities, timelines, and pricing, while contracts are legal documents detailing terms and conditions to protect involved parties. The speaker emphasizes the importance of a contract as a safeguard for legal coverage in case of disputes. While sharing personal insights on contract components, the speaker clarifies that they are not a lawyer and do not provide legal advice. The focus is on ensuring viewers are informed when creating their contracts.