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Many freelancers are unsure about what to include in their contracts, especially regarding legal terms and payment conditions. In this video, the presenter introduces a client contract template created by a lawyer, which originally cost around $1,000 and is now available for free. They emphasize that this updated template can be used for various services sold to businesses, including Facebook ads management, marketing, website development, and mobile development. The presenter invites viewers to check out the contract template provided in the video description and proceeds to demonstrate it on the computer.