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In this video, the speaker addresses freelancers who are unsure about contract details when starting out, particularly concerning legal language and payment terms. They introduce a free client contract template created by a lawyer, which originally cost around a thousand dollars. The speaker mentions updating the template based on recent learnings and demonstrates how it can be applicable for various B2B services, including Facebook ads management, marketing, website, and mobile development. Viewers can access the updated contract template for free through a link provided in the video. The speaker then transitions to a demonstration of the contract.