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In this video tutorial, the speaker discusses the key components that should be included in a services business contract. They walk through a one-page contract template that covers the basics of a contract and also suggest using tools like Signaturely for quick and legally binding contract signing. The video offers a free contract template for viewers to use and encourages them to like, subscribe, and leave a comment for more content. Viewers can access the free contract template and Signaturely tool by clicking the provided links.