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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referencing a one-page contract they initially used. They outline basic components necessary for a contract and introduce tools for quickly obtaining legally binding signatures. The tutorial includes a free contract template for viewers to use and encourages audience engagement through likes, subscriptions, and comments. Additionally, the presenter mentions Signaturely, a tool for facilitating contract signing, and provides links for accessing the free template and the tool. The goal is to help viewers sign more clients efficiently.