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In this video tutorial, the host discusses essential elements to include in a services business contract. They review a one-page contract used in their early days, outlining key basics and providing tools for quickly obtaining legally binding signatures. The host offers a free contract template for viewers to start signing clients and encourages engagement through likes and comments. Additionally, they introduce Signaturely, a tool for signing contracts, and provide links for viewers to access the contract template and Signaturely. The video aims to simplify the contracting process for service-based businesses.