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In today's video tutorial, the importance of having a contract as a freelance social media manager is discussed. The host emphasizes that a contract is essential for outlining key details like pricing, start and end dates, and cancellation terms. They will also explain who sets the contract, which is typically established between the freelancer and the client. The video promises to cover what to include in the contract and whether tools are needed for sending and signing it. Additionally, a real-life example of a contract used for years will be shared to offer practical insight. Viewers are encouraged to subscribe and engage if they find the content valuable.