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In this video tutorial, the presenter outlines essential elements to include in a services business contract. They introduce a one-page contract used in their business's early days and emphasize the basics required for an effective contract. The video also offers tools for facilitating quick and legally binding signature processes. Viewers are encouraged to like, subscribe, and comment for more content. A free contract template is provided for viewers to use in securing clients, along with a recommendation for a tool called Signaturely for efficient signing. A link for accessing the free template and the tool is mentioned in the description.