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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 early stages of their business, highlighting the basics and providing tools for efficiently obtaining legally binding signatures. The video promises a free contract template for viewers to use in signing clients. The speaker encourages engagement by asking viewers to like the video, subscribe, and comment for more content. They also promote Signaturely, a tool for signing contracts, with links provided for viewers to access both the free template and the signing tool. The content aims to assist service-based businesses in streamlining their contract processes.