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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a basic one-page contract used in the initial stages of their business, highlighting key components necessary for a legally binding agreement. The tutorial also covers tools for quickly obtaining signed contracts, emphasizing the importance of efficient processes. The speaker offers a free contract template for viewers to use to acquire more clients and encourages audience engagement through likes, subscriptions, and comments. Additionally, viewers can access information about a tool called Signaturely for streamlined contract signing.