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The video tutorial discusses the concept of software contracting, addressing common questions about what it means to be a contractor and the various types available. There are three main types of IT contracts to consider: 1. **Contract Employee (Independent Contractor or Time-Based Contracts)**: This involves working exclusively with one client, becoming part of their development team. You have a structure similar to a full-time employee, working a typical 40-hour week.2. **Freelance or Project-Based Contractor**: This type involves seeking specific projects rather than long-term commitments, allowing for more flexibility and diverse work experiences.The video aims to clarify these categories and help viewers understand which contract type suits their professional goals.