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In this video tutorial, the presenter 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 the basics necessary for a legally binding agreement. The presenter also introduces tools that facilitate quick contract signing, including a free contract template available for viewers. Additionally, they recommend a specific tool called Signaturely for signing contracts. Viewers are encouraged to like, subscribe, and comment for more similar content, and to access the free template and tools through links provided in the description.