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In this video, agency owner Joel Kaplan discusses the importance of contracts for agency owners. He provides a free, customizable contract template and goes through it in detail, explaining what to include and what to modify. Joel, CEO of Agency Lab, shares his background, revealing that he previously ran a successful social media marketing agency that reached 300K in monthly revenue. He emphasizes the significance of having a solid contract for agency operations and offers insights tailored to helping agency owners scale their businesses effectively. Viewers are encouraged to watch the entire video for comprehensive guidance.