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In this video tutorial, the presenter discusses essential elements needed in a services business contract. They review a one-page contract used in the early stages of their business and highlight the basics that should be included. The video also introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage by liking the video, subscribing, and commenting for more content. A free contract template is offered, accessible via a link in the description, along with information about a tool called Signaturely that will be demonstrated.