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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referring to a one-page contract used in their early days. They outline the basics required for a legally binding agreement and introduce tools for quickly signing contracts. Viewers are encouraged to engage with the content by liking, subscribing, and commenting for more videos. Additionally, a free contract template is offered for viewers to use, as well as a recommendation for a tool called Signaturely. Links to these resources are provided for easy access.