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In this tutorial, the speaker discusses the essential elements of a services business contract, showcasing a one-page contract template used in their early days. Key points include the basics that should be included in a contract and recommended tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to use to increase client signings. Encouragement is given to engage with the content through likes, comments, and subscriptions for more similar videos. Additionally, a tool named Signaturely is introduced, with links provided for access to both the free template and the signature tool.