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Many freelancers are unsure about what to include in their contracts, particularly concerning legal language and payment terms. In this video, the presenter showcases a client contract template created by a lawyer, which initially cost $1,000 but is now available for free. The video aims to provide this updated contract, incorporating lessons learned over the past few years. The template is suitable for various services, especially B2B offerings like Facebook ads management, marketing, website development, and mobile development. Viewers can access the free contract template through a link provided.