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In this video, Arturo invites Joel Kaplan, a successful agency owner, to provide a free contract template for viewers. They discuss the key components necessary for a strong contract and emphasize important details that should be included. Joel introduces himself as the CEO of Agency Lab, a program that aids social media marketing agency (SMMA) owners in starting and scaling their businesses. Having previously scaled his own SMMA to 300K per month, he shares insights based on his experiences. As the video progresses, they go through the entire contract, detailing changes and essentials to ensure viewers can customize it effectively.