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In this video tutorial, the speaker discusses the essential elements to include in a services business contract, using a one-page contract as a reference. They cover the basics necessary for a legally binding contract and introduce tools for quickly signing contracts. The presenter offers a free contract template for viewers to use to attract more clients, encouraging them to like the video, subscribe, and comment for more related content. Additionally, the speaker mentions Signaturely, a tool for signing contracts, directing viewers to links for both the template and the tool. The video aims to provide practical advice on contracts for service businesses.