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In this video tutorial, the presenter discusses the essential elements that should be included in a services business contract. They will examine a one-page contract they previously utilized and highlight key basics necessary for creating an effective contract. Additionally, the video covers tools that facilitate the quick signing of legally binding contracts. The presenter offers a free contract template for viewers to use and encourages them to engage with the content through likes, subscriptions, and comments. They also mention Signaturely, a tool for contract signing, which viewers can access via provided links.