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In this video tutorial, the speaker discusses the importance of having a comprehensive contract for service businesses. They provide a one-page contract template and highlight the key basics that should be included in a contract. The speaker also introduces a tool called Signaturely for quickly getting legally binding contracts signed. To access the free contract template and Signaturely, viewers can click on the provided links. Overall, the video emphasizes the significance of having a proper contract in place to effectively sign more clients for service businesses.