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In this video tutorial, the host discusses the essential elements that should be included in a services business contract. They review a one-page contract used during the early stages of their business and provide insights into the basics necessary for an effective contract. Additionally, the host introduces tools to facilitate the quick signing of legally binding contracts. A free contract template is offered for viewers, along with a tool called Signaturely to streamline the signature process. Viewers are encouraged to like, subscribe, and leave comments for more content. Links to access the contract template and Signaturely are provided.