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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the early days of their business and highlight key components needed for a comprehensive agreement. Additionally, the speaker introduces tools for quickly obtaining legally binding signatures. They offer a free contract template for viewers to use in their service business and promote Signaturely, a recommended tool for contract signing. Viewers are encouraged to like the video, subscribe, and leave comments for more content. Links to the free contract template and Signaturely are provided for easy access.