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In this video tutorial, x27 discusses their consistent hiring practices, making one to two contractor offers monthly. They recently hired a new Business Development Associate and share their offer letter and contract template, available through a link in the description. The template begins with a greeting to the contractor and extends the contract for the outsourced position. Following an interview and a meeting with a co-founder, the contract outlines the initial month used to assess the contractor's fit at a lower rate before a full contract is offered. Key elements covered include the contractor's title, position, and exclusivity terms.