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In this video tutorial, the speaker discusses essential elements that should be included in a services business contract. They review a one-page contract utilized in the early days of their business, highlighting fundamental components necessary for any contract. Additionally, the tutorial presents tools for quickly obtaining legally binding signatures. A free contract template is offered to viewers to help them start signing clients, and links to these resources, including the signature tool "Signaturely," are provided in the description. The speaker encourages viewers to engage by liking the video, subscribing, and commenting for more content.