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In this YouTube tutorial, the speaker introduces a client contract template that was created by a lawyer and originally cost $1000. The template is now available for free and can be used for any service targeted towards B2B clients, such as Facebook ads management, marketing, website development, and mobile development. The updated template is suitable for freelancers starting out and includes legal language and payment terms. The tutorial offers a walkthrough of the contract and provides a link for viewers to access it for free.