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In this video, the host invites Joel Kaplan, a successful agency owner and CEO of Agency Lab, to discuss creating a comprehensive contract for agency services. Joel emphasizes the importance of understanding what to modify in a contract and highlights essential components that should be included. He shares his background of scaling his own social media marketing agency (SMMA) to seven figures, achieving around $300,000 monthly. The video serves as a tutorial, requiring viewers to watch until the end to grasp all necessary contract details as discussed by Joel and the host, Arturo.