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In this video tutorial, the presenter discusses essential elements that should be included in a services business contract. They review a one-page contract used in the early stages of their business, focusing on basic components and providing tools for quickly securing legally binding signatures. The presenter emphasizes the availability of a free contract template for viewers to utilize in their own service businesses. They encourage audience engagement by asking viewers to like the video, subscribe, and leave comments for more content. Additionally, a tool called Signaturely is mentioned for its utility in managing contracts. Links for the free template and Signaturely are provided in the description.