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In this video tutorial, the host discusses the necessity of contracts for freelance social media managers. They emphasize the importance of having a contract, which should include key elements such as pricing, start and end dates, and cancellation terms. The video aims to inform viewers about who sets the contract and answer questions about tools for sending and signing contracts. A real-life example of a contract used over the years will be shared. The host encourages new viewers to subscribe and engage with the content, underlining the significant reasons for using contracts in freelance work.