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In this video tutorial, the speaker discusses the essential elements of a services business contract, using a one-page contract from their early days as a reference. They outline the basic components that should be included in a contract and introduce tools for quickly obtaining legally binding signatures. The speaker also offers a free contract template for viewers to use to enhance their client onboarding process. Additionally, they encourage viewers to like the video, subscribe for more content, and comment on their interest in similar topics. Links for the free contract template and the signature tool "Signaturely" are provided below the video.