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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They present a one-page contract that the channel formerly used, highlighting basic components necessary for effective agreements. The tutorial also introduces tools to expedite the signing of legally binding contracts. Viewers are invited to stay tuned for a free contract template available via a link, along with information about a signing tool, Signaturely. The speaker encourages viewers to like, subscribe, and comment for more related content, emphasizing the importance of having properly structured contracts in a services business.