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In this video tutorial, the presenter discusses the essential components that should be included in a services business contract. They provide a one-page contract template for viewers to use, along with tools like Signaturely for legally binding contracts. The importance of having a solid contract is emphasized to protect both parties and ensure a smooth business relationship. Viewers are encouraged to like, subscribe, and leave a comment for more content, and can access the free contract template and Signaturely tool through the links provided.