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In this video tutorial, the speaker discusses the importance of having a well-defined services business contract. They provide a one-page contract template and talk about the basics that should be included in the contract. The speaker also recommends using tools like Signaturely to quickly get legally binding contracts signed. Viewers are encouraged to like the video, subscribe to the channel, and leave a comment for more content. A free contract template and a link to Signaturely are provided in the video description for those interested in using them.