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In this video tutorial, the presenter addresses freelancers' concerns about contract essentials, focusing on legal language and payment terms. They introduce a client contract template, developed with the assistance of a lawyer at a cost of approximately $1,000, which is now offered for free on their channel. The video aims to share this updated template, reflecting insights gained over the past few years, and emphasizes its applicability for various services sold to other businesses, such as Facebook ads management, marketing, or website development. Viewers can access the contract template for free via a link provided.