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In this video tutorial, the host discusses essential elements to include in a services business contract. They reference a one-page contract used in their early days and outline the basics needed for an effective agreement. Additionally, the video introduces tools for quickly obtaining legally binding signatures. The host offers a free contract template for viewers to use in securing clients, encouraging engagement through likes, subscriptions, and comments. They provide links for both the free template and a tool called Signaturely to facilitate the signing process. The focus is on streamlining contracts for service businesses.