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In this video tutorial, the creator discusses the necessity of having a contract as a freelance social media manager. Key topics include who sets the contract, the importance of including pricing details, start and end dates, and cancellation policies. The tutorial also emphasizes the benefits of having a clear contract to protect both the freelancer and the client. Viewers can expect insights drawn from a real-life contract example used by the presenter. The video encourages new viewers to subscribe and engage with the content, highlighting the essential elements to consider when drafting a social media management contract.