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In this video tutorial, the speaker discusses the importance of having a contract in your services business. They provide a one-page contract template that covers the basics necessary for a legally binding agreement. The speaker also mentions a tool called Signaturely that can help in getting contracts signed quickly. They encourage viewers to like and subscribe for more content, and offer the free contract template and a link to Signaturely. Stick around to learn more about creating effective contracts for your services business.