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In this video tutorial, the speaker discusses the importance of having a service contract for your business. They provide a one-page contract template and talk about the basics that should be included in your contract. The speaker also suggests using tools like Signaturely to quickly get legally binding contracts signed. Viewers are encouraged to like, subscribe, and comment for more content, as well as to download the free contract template and try out Signaturely. The speaker emphasizes the importance of having a contract for your services business.