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In this video tutorial, the presenter discusses essential elements to include in a services business contract, utilizing a simplified one-page contract from their early days. The focus is on basic contract components and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use, encouraging them to like the video, subscribe, and leave comments for future content. Additionally, the video introduces Signaturely, a tool for managing contract signatures, with links provided for viewers to access both the template and the tool. The aim is to help viewers sign more clients efficiently.