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In this video tutorial, the speaker discusses the key elements that should be included in a services business contract. They provide a one-page contract template that can be used to start signing more clients quickly. The importance of having legally binding contracts and tools such as Signaturely for this purpose are also mentioned. Viewers are encouraged to like, subscribe, and comment for more content, as well as download the free contract template and use Signaturely for easy contract signing. The speaker proceeds to go through the contract template and emphasizes the significance of having a contract in place for a services business.