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Many freelancers worry about what to include in their contracts, particularly regarding legal language and payment terms. In this video, the speaker showcases a client contract template that was developed with the help of a lawyer at a cost of about $1,000. This template was previously released for free on the channel, and the video aims to provide an updated version based on recent learnings. The contract is suitable for various services, especially for B2B transactions such as Facebook ads management, marketing, and website or mobile development. Viewers are encouraged to check out the free contract template available in the video description.