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In this video tutorial, the speaker addresses concerns freelancers have about contract essentials, including legal language and payment terms. They present a client contract template created by a hired lawyer that initially cost $1,000 but is now offered for free. The video will showcase an updated version of this contract based on insights gained over the years. This template is suitable for various services sold to businesses, such as Facebook ads management, marketing, and website or mobile development. Viewers are encouraged to check the description for access to the free contract template.