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In this video tutorial, the speaker discusses the key elements that should be included in a services business contract. They provide a one-page contract template and discuss the basics that should be in your contract. The speaker also mentions the importance of using tools to get legally binding contracts signed quickly. They offer a free contract template for viewers to use and recommend a tool called Signaturely for this purpose. Viewers are encouraged to like, subscribe, and leave a comment for more content like this.