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In this video tutorial, the presenter discusses essential elements to include in a services business contract, using a one-page contract from their early days as a reference. Key topics include basic components necessary for a contract and tools for signing legally binding contracts quickly. The video offers a free contract template for viewers to use in their service business and introduces a signing tool called Signaturely. Viewers are encouraged to like the video, subscribe, and leave comments for more content. Links to the free contract template and Signaturely are provided for easy access.