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In this video tutorial, the host invites Joel Kaplan, CEO of Agency Lab, to discuss essential contract elements for agency owners. Joel, who previously scaled his own social media marketing agency to $300K per month, provides insights to help viewers create a comprehensive, customizable contract for their businesses. Throughout the video, Joel and the host emphasize the critical components to include and necessary changes to make. Viewers are encouraged to watch until the end to fully grasp the contract details and understand how to protect their business interests effectively.