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Contracts provide freedom and flexibility in work, allowing you to only focus on agreed tasks and potentially earn more for extra work. You don't need to be a lawyer or have a degree to create a contract. The video will cover key points to include in contracts for easy drafting. Templates may be provided upon request in the comments. The video creator, Avidev, focuses on freelancing, writing, and productivity topics for beginner freelancers or those looking to learn more about freelancing.