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In this video, the speaker discusses the importance of having a service business contract. They go through a one-page contract template, covering the basics that should be included. They also mention tools that can be used to quickly sign legally binding contracts. The speaker offers a free contract template for viewers to use and recommends using Signaturely as a tool. They encourage viewers to like, subscribe, and leave comments for more content. Click the link below for the free contract template and Signaturely tool.