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In this video tutorial, the host discusses essential elements to include in a services business contract. They review a one-page contract previously used and highlight the basics necessary for crafting an effective contract. The video also introduces tools for quickly obtaining legally binding signatures, such as Signaturely. A free contract template is offered for viewers to use to secure new clients. Viewers are encouraged to like the video, subscribe, and comment for more content. Links for the free contract template and Signaturely are provided in the description for easy access.