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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract used in their early days. They outline the basics necessary for a comprehensive contract and suggest tools for quickly obtaining legally binding signatures. Viewers are encouraged to like the video, subscribe, and comment for more similar content. A free contract template is offered, available via a provided link, along with a recommendation for a tool called Signaturely for efficient contract signing. The tutorial aims to equip viewers with practical resources for signing more clients in their services business.