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Many freelancers wonder about the essentials of a contract, including legal language and payment terms. In this video, the presenter introduces a client contract template, developed with a lawyer for a cost of about a thousand dollars, and made available for free. The presenter aims to update the template based on lessons learned over the past few years. The contract is suitable for various services targeting B2B transactions, including Facebook ads management, marketing, website development, and mobile development. The video provides a walkthrough of the template, with a link to access the free contract below.