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In this video tutorial, the instructor explains how to code an election contract to facilitate a free and fair election. Key concepts include defining a custom data type using a struct to manage candidates and voters. A candidate struct will track the candidate's name and vote count, while a voter struct will keep information on whether the voter has voted and who they voted for. The contract owner will have special rights to authorize voters. The tutorial also involves maintaining a mapping for voter information and a dynamically sized array for candidates, initialized at contract construction. Lastly, it discusses tracking the election's end time.