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In this video, the presenter addresses common concerns of freelancers regarding contract creation, focusing on legal language and payment terms. They introduce a client contract template created by a hired lawyer, which initially cost around a thousand dollars but is now offered for free. The video aims to provide this updated template based on recent learnings, applicable for services sold to businesses (B2B) such as Facebook ads management, marketing, and web/mobile development. Viewers are encouraged to access the free contract template through a link provided in the video description.