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Many freelancers are uncertain about what to include in their contracts, particularly regarding legal language and payment terms. This video presents a client contract template that was created by hiring a lawyer for about $1,000, which has since been offered for free. The video aims to provide an updated version of this template based on insights gained over the past few years. The contract is suitable for various services, especially for B2B transactions such as Facebook ads management, marketing, website development, and mobile development. Viewers can access this $1,000 contract template for free through a link provided.