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In this video, the presenter discusses essential elements of a services business contract, using a one-page contract they initially employed. They highlight the basics necessary for a legally binding agreement and introduce tools to expedite contract signing. Additionally, a free contract template is offered for viewers to utilize in securing clients. Engagement is encouraged through likes, subscriptions, and comments, with links provided for the free template and a recommendation for Signaturely, a tool for signing contracts. The video aims to guide viewers in creating effective contracts for their services business.