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In this video, agency owner Joel Kaplan collaborates with the host, Arturo, to provide viewers with a free, customizable contract template for agency owners. They emphasize the importance of understanding the contract’s components and walk through modifications to ensure its effectiveness. Joel, the CEO of Agency Lab, discusses his background in managing a successful social media marketing agency that reached seven figures, sharing insights on the steps to scale from acquiring initial clients to achieving significant revenue. Viewers are encouraged to watch until the end for a comprehensive guide on the contract essentials.