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In this video tutorial, the speaker discusses the key elements that should be included in a services business contract. They provide a one-page contract template and talk about tools that can help in getting legally binding contracts signed quickly. The video offers a free contract template for viewers to use and mentions a tool called Signaturely. Viewers are encouraged to like, subscribe, and comment for more content like this. The speaker emphasizes the importance of having a well-drafted contract for services businesses.