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In this video, the presenter discusses essential elements for a services business contract, showcasing a one-page contract used in their early days. They outline the key basics that should be included in your contract and introduce tools for quickly obtaining legally binding signatures. The video promises a free contract template for viewers to use, encouraging them to like, subscribe, and comment for more similar content. Additionally, the presenter mentions a tool called Signaturely for facilitating contract signing, providing links for viewers to access the template and the tool easily. The focus is on making the contract process seamless for service-based businesses.