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In this video tutorial, the host discusses essential elements for a services business contract, using a one-page contract as a reference. They outline the basics that should be included in contracts and introduce tools for quick and legally binding signatures. The host also offers a free contract template for viewers to use, encouraging engagement through likes, comments, and subscriptions. Additionally, they mention a specific tool, Signaturely, to streamline the signing process. Viewers can access both the free template and the tool through links provided in the video.