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In this video tutorial, the speaker discusses the key components that should be included in a services business contract. They provide a one-page contract template and explain the basics that should be covered in a contract. The speaker also highlights tools that can help in quickly creating legally binding contracts. Viewers are encouraged to like and subscribe for more content, and are offered a free contract template and access to the tool Signaturely. The video aims to help services businesses start signing more clients with a solid contract in place.