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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the early stages of their business and highlight basic components that are necessary for a legally binding agreement. The video also introduces tools for quickly getting contracts signed. Additionally, a free contract template is provided for viewers to help them secure more clients. Viewers are encouraged to like, subscribe, and comment for more content. Links to access the free contract template and the signature tool, Signaturely, are also included in the description.