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In this video tutorial, the presenter discusses essential components to include in a services business contract. They review a one-page contract used in their early days and share tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use in signing more clients and encourages engagement through likes and comments. They also introduce Signaturely, a tool for contract signing, providing links for viewers to access both the template and Signaturely. The tutorial aims to help viewers understand the basics of contract creation and expedite client agreements.