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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used in the early days of their business and highlight the basics that should be incorporated. The video also covers useful tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use in signing clients. They encourage audience engagement by asking viewers to like the video, subscribe, and comment for more content. Additionally, links are provided for accessing the free contract template and a tool called Signaturely, which will be discussed in detail.