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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used when they started and emphasize the basics necessary for creating effective agreements. The tutorial also highlights tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to start signing clients immediately. Viewers are encouraged to like the video, subscribe, and comment for more content. Links to access the free contract template and the signature tool, Signaturely, are provided for interested viewers.