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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract template used in the early stages of their business and emphasize the importance of having legally binding contracts. The tutorial also highlights tools for quick contract signing and offers a free contract template for viewers to use. The presenter encourages viewers to like the video, subscribe, and leave comments for more content. Additionally, they provide links to access the free contract template and the signature tool discussed in the video. Overall, the focus is on simplifying the contract process for service-based businesses.