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In this video, the presenter addresses common concerns freelancers have regarding contract details, such as legal language and payment terms. They showcase a client contract template created by a lawyer for approximately $1,000, which is available for free. The video aims to provide this updated template based on insights gained over the last few years. The contract is applicable to a range of services offered to businesses, including Facebook ads management, marketing, website development, and mobile development. Viewers are encouraged to access the template for free through a link provided.