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In this video, the presenter addresses common concerns of freelancers regarding contract creation, particularly focusing on legal language and payment terms. They introduce a client contract template developed by a lawyer that initially cost around a thousand dollars but is now available for free. The video highlights updates made to this template based on recent insights and experiences. The contract is applicable for various B2B services, such as Facebook ads management, marketing, and website or mobile development. Viewers are encouraged to access the updated contract template for free through a link provided in the video.