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In this video tutorial, the presenter discusses essential elements to include in a services business contract, using a one-page template that was initially employed at the start of their business. Key points include the basics of contract formation and tools for efficiently obtaining legally binding signatures. The presenter also offers a free contract template for viewers to use in signing clients, encouraging likes, subscriptions, and comments for more content. Additionally, they introduce "Signaturely," a tool for managing contract signatures, with links provided for easy access to both the template and the signing tool.