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In this video tutorial, the presenter discusses essential elements to include in a services business contract and introduces a one-page contract used in their early days. They highlight basic components necessary for a legally binding agreement and mention tools to facilitate quick signing of contracts. Additionally, viewers are offered a free contract template for their services business and are encouraged to like the video, subscribe to the channel, and comment for more content. A specific tool called Signaturely is also mentioned, with links provided for viewers to access the contract template and the signing tool.