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In this video tutorial, the speaker discusses the importance of having a comprehensive client contract for freelancers starting out. They offer a client contract template that was created by a lawyer, originally costing $1000, but now available for free. The template is suitable for any service being sold to businesses, such as Facebook ads management or website development. The speaker also mentions that the template has been updated based on their experience over the years. Viewers can download the template for free in the video description.