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In this video tutorial, the speaker discusses essential elements to include in a services business contract and reviews a one-page contract used in their early days. The tutorial provides insights on creating legally binding contracts quickly and introduces a free contract template available to viewers. The speaker encourages engagement by asking viewers to like the video, subscribe, and leave comments for more content. Additionally, they mention a tool called Signaturely that can facilitate contract signing. Links to the free contract template and Signaturely are provided for those interested.