Uh. Expensive thought.
Uh. In comparison, I spent over $3,000 to have a lawyer custom write basically the same contract many years ago. Also, $149 is a lot cheaper than a lawsuit, not getting paid, etc—so I'm not sure I understand your offhand remark.
Getting to a good contract can take a combination of legal expertise (i.e. hiring a lawyer to help) and, particularly, experience with the things that can go wrong without a good contract. Even without serious client conflict, in the 4yrs I've been part of running a studio, we've made several amendments to our own contract to cover things we just never thought of.
I haven't seen Paul's contract, but I know he has a lot of experience and think that experience is likely baked into its terms.
While it's a chunk of money to spend on a template, it's not a bad thing to spend on if you want to develop your service. It establishes you as more professional in the eyes of clients and will often put them at ease, as good contracts protect both parties, not just whoever brings it to the table. I wish something like this had been around when we started out.
Will this work in Canada?
Indeed! See the FAQ: "You’re damn skippy! Most laws in the US are quite similar from state to state, and are often based on model statutes that are adopted by almost every state, which kind of makes sense because otherwise, resolving disputes could get mad complicated. If you’re outside the US, but in a common law country, like Canada, Australia or the UK, the template should also be in line with your country’s contract laws. These days “freedom of contract” reigns in the Western world, so it’s difficult to run afoul of basic contract law, unless you get crazy with some provisions (which we, of course, have not)."