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The video discusses essential elements to include in a services business contract and introduces a one-page contract template previously used by the presenter. It emphasizes the importance of having legally binding contracts and offers tools for quickly obtaining signatures. Viewers are encouraged to engage with the content by liking the video, subscribing, and commenting for more related tutorials. Additionally, a free contract template is available for download, as well as a tool called Signaturely, aimed at simplifying the signing process. The video aims to equip service businesses with the knowledge and resources needed for effective contracting.