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In this video tutorial, the speaker addresses common concerns freelancers have about creating contracts, particularly regarding legal language and payment terms. They introduce a client contract template developed by hiring a lawyer, which cost around a thousand dollars but is available for free. The speaker plans to share an updated version of this template based on lessons learned over the past few years. This contract is suitable for service-oriented businesses, including Facebook ads management, marketing, and website development, and can be utilized for B2B transactions. Viewers are encouraged to check the provided link to access the free contract template.