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In this video tutorial, the speaker discusses essential elements that should be included in a services business contract, using a one-page contract as an example from their early days. They emphasize the basics necessary for creating effective contracts and introduce tools to facilitate quick, legally binding signatures. The speaker also offers a free contract template for viewers to use in their own services business. Additionally, viewers are encouraged to like the video, subscribe, and comment for more similar content. Links to the free contract template and the signature tool, Signaturely, are provided for easy access.