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The video tutorial focuses on the essential elements that make a contract valid, starting with the concept of agreement, which includes an offer and acceptance. Key aspects to be discussed include consideration and the intention to create legal relations. The presenter will first delve into the law regarding offers, defining an offer as a willingness to contract on specific terms, with the intention of becoming binding upon acceptance. The video will include case discussions to illustrate these concepts, setting the stage for further exploration in subsequent videos.