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In this video, the speaker addresses common concerns of freelancers regarding contract creation, specifically regarding legal language and payment terms. They introduce a client contract template developed with the help of a lawyer, which initially cost about $1,000 but is offered for free on their channel. The speaker indicates that the template has been updated based on recent experiences and is suitable for various services, especially for B2B scenarios like Facebook ads management, marketing, and website or mobile development. Viewers are encouraged to check out the updated contract, available for free.