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In this video tutorial, the presenter discusses essential components to include in a services business contract, using a one-page contract from their early days as an example. They outline basic elements necessary for a legally binding contract and recommend tools for quick online signatures. Additionally, the video offers a free contract template for viewers to utilize in their own services business. The presenter encourages viewers to like the video, subscribe, and leave comments for more content, while also providing links to access the free contract template and a signing tool, Signaturely.