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In this video tutorial, the speaker discusses the importance of having a contract for freelancers starting out. They provide a client contract template that was created by a lawyer and originally released for free. The updated version of this contract is now being offered for free as well. This contract template is suitable for any service being sold to other businesses, such as Facebook ads management, marketing, website development, or mobile development. Viewers can find the link to download this contract template in the video description.