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In this video tutorial, the speaker discusses essential elements to include in a services business contract, using a one-page contract from their early days as a reference. They emphasize the importance of having a solid contract and introduce tools for signing legally binding contracts quickly. The speaker offers a free contract template for viewers to utilize and encourages engagement with the video by liking and subscribing. Additionally, they mention Signaturely as a tool for streamlined contract signing. Viewers can access the free template and the tool by clicking links provided in the description.