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Many freelancers starting out are unsure about what to include in their contracts, particularly concerning legal language and payment terms. In this video, the presenter introduces a client contract template created with the assistance of a lawyer, which initially cost around $1,000 but is now offered for free. The video provides updates to this template based on lessons learned over the past few years. The contract is applicable for various services, including Facebook ads management, marketing, website development, and mobile development, aimed at B2B transactions. Viewers can access this comprehensive contract template for free via the link provided.