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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page template used in the early stages of their business and highlight the basic components necessary for effective contracts. The video also covers tools that facilitate the quick signing of legally binding contracts. Viewers are encouraged to like the video, subscribe, and leave comments for more content. A free contract template is offered, along with a link to Signaturely, a tool mentioned for contract signing. The video aims to assist viewers in securing clients through improved contract practices.