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In this tutorial, the presenter discusses essential elements of a services business contract, referencing an old one-page contract used during the early stages of their business. Key points include the basics that should be included in a contract and tools for quickly obtaining legally binding signatures. The video promises a free contract template to help viewers sign more clients, and encourages engagement through likes, comments, and subscriptions. Additionally, viewers can access the contract template and a tool called Signaturely through provided links. The focus is on simplifying the contract process for service-based businesses.