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In this video, the host welcomes viewers and encourages subscriptions for those interested in modeling or acting, highlighting that he provides valuable tips weekly. He introduces the topic of the video, which is to explain the four main types of modeling contracts. The first type discussed is the mother agency contract, characterized as the initial agent a model signs with, exemplified by a specific agency in Lagos, Nigeria called Few Models. The host invites viewers to stay tuned as he elaborates on these contracts.