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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the past and outline the basic components necessary for a legally binding agreement. The tutorial also introduces tools for quickly signing contracts, including a mention of "Signaturely." Viewers are offered a free contract template to help them secure more clients and are encouraged to engage with the content by liking, subscribing, and commenting for additional videos. Links to the free template and Signaturely are provided in the description.