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In this video tutorial, the speaker discusses the importance of having a comprehensive services business contract. They provide a one-page contract template to help viewers create legally binding contracts quickly. The speaker also mentions a tool called Signaturely that can assist in getting contracts signed efficiently. By liking, subscribing, and leaving a comment, viewers can access the free contract template and learn more about Signaturely. The tutorial emphasizes the significance of having a contract in place for service businesses.