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In this video tutorial, the speaker discusses essential components that should be included in a services business contract. They review a one-page contract previously used, highlighting basic elements necessary for effective agreements. Additionally, the tutorial covers tools for quickly obtaining legally binding signatures. Viewers are offered a free contract template to facilitate client signings and are encouraged to engage with the content by liking the video, subscribing, and leaving comments. The video also mentions Signaturely, a tool for streamline contract signing, with links provided for accessing the template and the tool.