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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract they used when starting. Key points include basic components of a contract and tools for quickly obtaining legally binding signatures. The presenter also offers a free contract template for viewers to use in their services business and encourages interaction through likes, comments, and subscriptions. For those interested, links to access the free template and a signature tool called Signaturely are provided in the video description. The focus is on simplifying the contract creation process for signing clients effectively.