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In this video, Arturo invites Joel Kaplan, the CEO of Agency Lab, to create a free, comprehensive contract template for viewers. They discuss the critical components that should be included in a contract and guide viewers on necessary alterations. Joel, with experience running a successful social media marketing agency (SMMA) that reached 300K per month, shares insights to help SMMA owners start and scale their businesses. Throughout the video, they emphasize essential points to help viewers understand the intricacies of effective contracts for their agencies. Viewers are encouraged to watch until the end for complete details.