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In this video tutorial, the speaker discusses essential elements to include in a services business contract, using a one-page contract from their early business days as a reference. They highlight the basics of a contract and introduce tools for quickly obtaining legally binding signatures. The tutorial aims to provide viewers with a free contract template that can help them start signing clients more efficiently. Viewers are encouraged to like the video, subscribe, and leave comments for more content. Links for the free contract template and the signature tool, Signaturely, are provided for easy access.