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In this video, the host welcomes viewers to their channel, encouraging new subscribers interested in modeling and acting to check out their weekly tips. The focus of the video is to explain the four main types of modeling contracts. The first type discussed is the Mother Agency contract, which serves as the initial agency a model signs with. The host uses the example of a mother agency in Lagos, Nigeria, called Few Models, to illustrate this concept. The video promises to provide insights into each type of contract to help aspiring models understand their options better.