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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 example from their early days. Key topics cover the basics of contract components and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to utilize in signing clients, encouraging engagement by asking for likes, subscriptions, and comments. Additionally, viewers can access a tool called Signaturely through provided links. The video aims to help services businesses streamline their contracting process.