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In this video, the speaker addresses common concerns freelancers have about creating contracts, especially regarding legal language and payment terms. They introduce a client contract template developed by a lawyer, which originally cost $1,000 but is now offered for free. The speaker plans to update the template based on lessons learned over the past few years. This contract is suitable for various B2B services, including Facebook ads management, marketing, website development, and mobile development. Viewers can access the updated contract template for free through a link provided in the video.