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In this video tutorial, the presenter discusses essential elements needed in a services business contract. They review a one-page contract used in their early days, highlighting key components to include. The tutorial also introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage by liking the video, subscribing, and commenting for more similar content. Additionally, the presenter offers a free contract template for viewers to use and promotes a tool called Signaturely for signing contracts. Links for both the template and Signaturely are provided for easy access.