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In this video tutorial, the presenter discusses essential elements to include in a services business contract and reviews a simple one-page contract template used in the past. Key points include the basic components that should be present in contracts and tools to facilitate quick, legally binding signatures. The presenter offers a free contract template for viewers to use, encouraging them to like the video, subscribe, and leave comments for more content. Additionally, a tool called Signaturely is introduced for efficient contract signing, with links provided for accessing the template and the tool directly from the video description.