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In this video tutorial, the speaker discusses the importance of having a services business contract and walks through a one-page contract template. The basics that should be included in a contract are explained, along with tools like Signaturely that can help in quickly signing legally binding contracts. The speaker offers a free contract template and encourages viewers to like, subscribe, and leave a comment for more content. Viewers can access the free template and learn about Signaturely by clicking on the links provided.