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In this video tutorial, the host welcomes viewers and encourages new subscribers interested in modeling and acting. They promise weekly content featuring valuable tips for aspiring models and actors. The focus of this video is to explain the four main types of modeling contracts. The first type discussed is the Mother Agency contract, defined as the initial agency that models sign with. For instance, Few Models in Lagos, Nigeria, is mentioned as an example of a Mother Agency. The video aims to provide insights into how these contracts work and their significance in a modeling career.