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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract used in the early stages of their business. Key points include an overview of basic contract components and recommendations for tools that facilitate the quick signing of legally binding contracts. The presenter offers a free contract template for viewers to use in their services business. Additionally, they introduce Signaturely, a tool for managing signatures. Viewers are encouraged to like, subscribe, and comment for more related content, and can access the free template and Signaturely through provided links.