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Many freelancers starting out often wonder about the necessary elements of a contract, including legal language and payment terms. In this video, the presenter introduces a client contract template created by a lawyer, which originally cost about a thousand dollars but is now available for free. The video aims to provide an updated version based on lessons learned over the past few years. The template is suitable for various services sold to B2B clients, such as Facebook ads management, marketing, website development, and mobile development. Viewers can access the free contract template through a link provided. The presenter will demonstrate the contract on-screen.