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In this video tutorial, the presenter discusses the essential elements to include in a services business contract, referencing a one-page contract used in their early days. They aim to highlight the basics of what should be covered in such contracts and introduce tools for efficiently obtaining legally binding signatures. The presenter offers a free contract template to help viewers sign more clients and encourages viewers to engage by liking the video, subscribing, and leaving comments for more content. Additionally, viewers can find links to the free contract template and the signature tool, Signaturely, in the video description.