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In this video tutorial, the host discusses essential elements to include in a services business contract. They review a one-page contract used in the early stages of their business, highlighting key components that should be incorporated. The video also introduces tools for quickly obtaining legally binding signatures on contracts. Viewers are offered a free contract template to help them sign new clients and are encouraged to like, subscribe, and comment for more similar content. Additionally, a tool called Signaturely is recommended, with links provided for viewers to access the free template and the signature tool.