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In this video tutorial, the speaker addresses common concerns freelancers have about creating contracts, particularly regarding legal language and payment terms. They introduced a client contract template that was created by a lawyer at a cost of about $1,000, which they previously released for free. The speaker aims to provide an updated version of this template, reflecting lessons learned over the years. The contract is suitable for various services sold to businesses, including Facebook ads management, marketing, website development, and mobile development. Viewers can access the updated contract template for free through a provided link. The video then proceeds to showcase the contract details on screen.