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Many freelancers are unsure about what to include in their contracts, particularly regarding legal language and payment terms. In this video, the speaker presents a client contract template created by a lawyer at a cost of around a thousand dollars, which has been made available for free. The video also discusses updates to the template based on insights gained over the last few years. This contract is applicable for various services offered to other businesses, including Facebook ads management, marketing, website development, and mobile development. Viewers can access the updated contract template for free through a link provided in the video.