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In this video tutorial, the presenter discusses the essential elements that should be included in a services business contract. They provide a one-page contract template that can be used to quickly sign legally binding contracts with clients. The video also introduces a tool called Signaturely for creating and managing contracts. Viewers are encouraged to like the video, subscribe to the channel, and leave a comment for more content. A free contract template and access to Signaturely are available through links provided.