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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 contract used in their early days and outline the basics necessary for a legally binding agreement. The video also introduces tools for quickly signing contracts, including a mention of Signaturely. Additionally, viewers can access a free contract template to help them sign more clients. The presenter encourages viewers to like, subscribe, and comment for more content, and provides links for the free contract template and Signaturely. Overall, the aim is to simplify the contract process for service businesses.