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In this video tutorial, the speaker discusses essential elements that should be included in a services business contract, referencing a one-page contract they used at the start. They emphasize the basics necessary for a legally binding agreement and introduce tools to facilitate quick contract signing. Additionally, the speaker offers a free contract template for viewers to use, encouraging them to engage with the content by liking, subscribing, and commenting for more resources. The tutorial also mentions "Signaturely," a tool for electronic signatures, providing links for access to both the free template and the signing tool.