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In this video tutorial, the speaker discusses the importance of a services business contract and provides a one-page template for creating one. They talk about the basics that should be included in a contract and recommend tools like Signaturely for quickly getting legally binding contracts signed. The speaker offers a free contract template for viewers to use and emphasizes the importance of having a well-written contract to sign more clients. They encourage viewers to like and subscribe for more content and to click the link for the free template and Signaturely tool.