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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract from their early days and highlight the basics necessary for an effective agreement. The video also introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to like the video for similar content, subscribe to the channel, and leave comments for more videos. A free contract template is offered for viewers to utilize when signing clients, along with information on Signaturely, a tool for managing contracts. Links to access both the template and tool are provided in the video description.