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In this YouTube video tutorial, the speaker discusses essential elements that should be included in a services business contract. They share a one-page contract used in the early days of their business and highlight the basics necessary for crafting a contract. Additionally, various tools to expedite the process of getting legally binding contracts signed are introduced. The speaker emphasizes the availability of a free contract template for viewers and encourages likes, subscriptions, and comments for more similar content. They also mention Signaturely as a tool for signing contracts, providing links for viewers to access both the template and the tool.