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In this video tutorial, the speaker discusses essential elements to include in a services business contract, sharing a one-page contract used in the early days. The focus is on key basics and effective tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to implement in their services business. Viewers are encouraged to engage with the video by liking, subscribing, and commenting for more content. Additionally, a tool called Signaturely is introduced for facilitating contract signing, with links provided for both the free template and the tool. The tutorial aims to equip viewers with practical resources for signing more clients efficiently.