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In this video tutorial, the presenter discusses essential components to include in a services business contract. They review a one-page contract used in the early stages of their business, highlighting the basic elements and recommending tools for quickly signing legally binding agreements. The video promises a free contract template for viewers, which can assist in acquiring more clients. The presenter encourages viewers to engage with the content by liking the video, subscribing, and commenting for more similar topics. Additionally, they mention a tool called Signaturely, available through a provided link, for efficient contract signing.