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In this tutorial, the host discusses the essential elements of a services business contract, referencing a one-page contract used in the early stages of their business. The key points include the basics that should be present in the contract and tools for efficiently obtaining legally binding signatures. The video promises a free contract template for viewers to use while also encouraging engagement through likes, comments, and subscriptions. Additionally, the host mentions a tool called Signaturely for quick signing. There are links provided for viewers to access the free template and the signing tool.