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In this video tutorial, the speaker discusses the important elements to include in a services business contract. They provide a one-page contract template and talk about the basics that should be in the contract. Additionally, they highlight tools that can help in quickly obtaining legally binding contracts. The speaker offers a free contract template for viewers to use and mentions a tool called Signaturely for easy contract signing. Viewers are encouraged to like, subscribe, and leave a comment for more content. Links to the free template and Signaturely are provided.