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In this video tutorial, the speaker discusses the essential elements that should be included in a services business contract. They provide a one-page contract template that can be used to quickly sign more clients. The speaker also introduces a tool called Signaturely for legally binding contracts. Viewers are encouraged to like, subscribe, and leave comments for more content. The free contract template and Signaturely tool can be accessed through the links provided. The importance of having a comprehensive contract in place for your services business is emphasized.