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Many freelancers starting out are uncertain about what to include in their contracts, particularly concerning legal language and payment terms. In this video, the presenter offers a client contract template that was created by a lawyer at a cost of approximately $1,000 but is being made available for free. The video also highlights updates made to the template based on learned experiences over recent years. This contract is designed for service-based businesses, particularly those involved in B2B transactions such as Facebook ads management, marketing, website development, and mobile development. Viewers are encouraged to access the free contract template provided in the video description.