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In this video tutorial, the presenter discusses the essential elements of a services business contract. They review a one-page contract previously used and highlight the basic components that should be included. Additionally, the video introduces tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use, encouraging them to subscribe, like the video, and leave comments for more similar content. The tool "Signaturely" is also mentioned, with links provided for both the contract template and the tool for viewers interested in enhancing their client onboarding process.