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The video tutorial discusses essential elements to include in a services business contract, using a previous one-page contract as a reference. It highlights the basics of contract composition and introduces tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use in signing clients and encourages them to like, subscribe, and comment for more content. Additionally, links are provided for the free contract template and the signature tool, Signaturely, that will be showcased in the video.