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In this video, agency owner Joel Kaplan collaborates with Arturo to discuss the essential components of a contract for SMMA owners. Joel, CEO of Agency Lab, shares insights from his experience running a successful agency, providing a free, customizable contract template. The tutorial covers key clauses and elements that should be included in contracts to ensure protection and clarity for both parties. Viewers are encouraged to stay until the end to understand what needs to be modified in the contract and to grasp all important details critical for agency operations. Joel emphasizes the significance of a well-structured contract in building a successful agency business.