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In this video tutorial, the presenter discusses essential elements for a services business contract, referencing a one-page contract used in the past. Key points include a breakdown of the basics that should be included in any contract and tools available for quickly signing legally binding agreements. The presenter offers a free contract template for viewers to enhance client acquisition and encourages engagement through likes, subscriptions, and comments. Additionally, viewers are informed about Signaturely, a tool to streamline contract signing, with links provided for access to both the template and the tool.