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In this video, agency owner Joel Kaplan is invited by Arturo to discuss a contract tailored for viewers. Joel, CEO of Agency Lab, shares insights on essential elements for contracts, detailing what needs to be changed and highlighting important inclusions. He emphasizes the need for viewers to watch until the end for a thorough understanding. Joel also introduces himself, providing background on his experience running a successful SMMA (social media marketing agency) that peaked at 300K monthly, and explains that Agency Lab helps agency owners scale their businesses effectively.