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In this video tutorial, the presenter discusses essential elements to include in a services business contract, using a one-page template from their early days. They emphasize the importance of having a clear and legally binding agreement with clients and introduce tools to facilitate quick contract signing. The tutorial promises a free contract template for viewers to use and encourages engagement through likes, comments, and subscriptions. Additionally, the presenter mentions a tool called Signaturely for easy contract management, inviting viewers to access both the template and the tool via provided links.