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In this video, Arturo invites Joel Kaplan, CEO of Agency Lab, to discuss the essential elements of a business contract. Joel, who successfully scaled his own social media marketing agency to $300K per month, offers a free, customizable contract template for viewers. Throughout the video, they review the contract, highlighting key components that need to be modified and important clauses to include. Joel shares insights from his experience coaching agency owners to help them secure clients and achieve significant income growth. Viewers are encouraged to watch until the end for comprehensive guidance on crafting an effective contract.