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In this video tutorial, the importance of having a contract as a freelance social media manager is discussed. The video covers what to include in the contract, who sets the contract (you or your client), and whether a tool is needed to send or sign the contract. The speaker shares a real-life example of a contract used with clients. Key points discussed include pricing, start and end dates, and cancellation terms. The importance of having a contract is emphasized, with various reasons highlighted. Subscribe and give a thumbs up if you find the content valuable.