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In this YouTube tutorial, the speaker discusses the essential elements of a services business contract. They go through a one-page contract template, highlighting the basics that should be included. The speaker also recommends using tools like Signaturely for quick and legally binding contract signings. They offer a free contract template for viewers to use and encourage engagement by liking, subscribing, and commenting on the video. The speaker also mentions that viewers can access the free template and Signaturely tool through links provided.