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In this tutorial, the host discusses essential elements to include in a services business contract and introduces a one-page contract template used in their early days. Key points include the basics of contract components and tools for efficiently obtaining legally binding signatures. The video offers a free contract template for viewers and invites them to engage by liking, subscribing, and commenting for more content. Additionally, the host presents Signaturely, a tool for signing contracts quickly. Viewers can access both the contract template and Signaturely through the provided links in the video description.