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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referencing a one-page contract used in their early days. They outline the basics of a contract and introduce tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to utilize for signing clients. Viewers are encouraged to like the video, subscribe, and leave comments for more similar content. Links to the free contract template and the signature tool, Signaturely, are provided for easy access. The speaker emphasizes the importance of contracts in business.