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In this video tutorial, Megan discusses the crucial elements to include in graphic design contracts and the timing for sending them. She emphasizes the importance of having a contract to avoid complications with difficult clients, drawing from her own experiences. Megan provides tips on key contract components that protect designers from potential issues. Additionally, she hints at reviewing project management systems she is considering switching to, sharing her thoughts on that at the end of the video. The tutorial aims to equip viewers with essential knowledge for better client management through effective contracts.