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In this video, the speaker addresses common concerns of freelancers regarding contract creation. They highlight the importance of legal language and payment terms in contracts. The speaker introduces a client contract template, which was created by hiring a lawyer at a cost of about a thousand dollars. This template was previously shared for free on their channel and has now been updated based on recent experiences. The contract is applicable for various services sold to businesses, such as Facebook ads management, marketing, and web/mobile development. Viewers can obtain the contract template for free via a link provided in the video.