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Many freelancers starting out are unsure about what to include in their contracts, especially regarding legal language and payment terms. In this video, the speaker introduces a client contract template created with the help of a lawyer, which originally cost around a thousand dollars but is now available for free. The video aims to share this updated template based on lessons learned over the past few years. This contract is suitable for various services offered to businesses, such as Facebook ads management, marketing, website development, and mobile development. Viewers are encouraged to access the free contract template through a link provided in the video.