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In this video tutorial, the speaker discusses the importance of having a comprehensive services business contract. They go through a one-page contract template and highlight the key elements that should be included in a contract. The speaker also mentions tools that can be used to get contracts signed quickly and legally binding. They offer a free contract template for viewers to download and provide a link to a tool called Signaturely for creating contracts. The speaker emphasizes the importance of having a solid contract in place for signing clients in a services business.