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In this tutorial, the speaker discusses essential elements to include in a services business contract. They provide a glimpse into an old one-page contract they used and highlight the fundamental components necessary for a legal contract. The video also covers tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to use in securing clients, along with a recommendation for the tool Signaturely for efficient signing. Viewers are encouraged to like, subscribe, and comment for more related content and to access the free contract template and Signaturely through provided links.