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In this video tutorial, the presenter discusses the necessity of having a contract as a freelance social media manager. Key points include the importance of specifying pricing, the contract duration, and cancellation terms. The video aims to clarify who is responsible for setting the contract and suggests methods for sending and signing it. Additionally, the presenter plans to share a real-life contract example used for years with a client. Viewers are encouraged to subscribe and engage with the content before delving into the specifics of social media management contracts.