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In this video tutorial, the speaker discusses the importance of having a contract for your services business. They provide a one-page contract template and discuss the basics that should be included in your contract. They also mention tools, such as Signaturely, that can help you get legally binding contracts signed quickly. The speaker offers a free contract template and encourages viewers to like, subscribe, and leave a comment for more content. They also provide links for the free contract template and Signaturely tool.