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In this video tutorial, the speaker discusses the key components that should be included in a services business contract. They provide a one-page contract template that viewers can use to start signing more clients quickly. The speaker also recommends using tools like Signaturely for legally binding contracts. Viewers are encouraged to like the video, subscribe for more content, and download the free contract template provided in the description. The importance of having a solid contract in place for services businesses is emphasized throughout the video.