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The video tutorial discusses the essential components that should be included in a services business contract. It emphasizes the importance of having a clear and concise one-page contract that is legally binding. The tutorial also mentions tools that can be utilized to quickly get contracts signed. The video offers a free contract template for viewers to use and mentions a tool called Signaturely for managing contracts. Viewers are encouraged to like the video, subscribe for similar content, and leave a comment. They can access the free contract template and Signaturely tool by clicking the provided links.