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Many freelancers are unsure about what to include in a contract, particularly regarding legal language and payment terms. In this video, the presenter introduces a client contract template, created with the help of a lawyer at a cost of $1,000. They are now offering this template for free, along with updates based on recent experiences. This contract is suitable for any service offered to businesses, such as Facebook ads management, marketing, website development, or mobile development. The presenter invites viewers to access the updated template for free, which can be found in the video description.