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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, outlining the basics necessary for effective contracts. The tutorial also highlights tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage by liking the video, subscribing, and commenting for more content. Additionally, a free contract template is offered, accessible via a provided link, along with information about Signaturely, a tool for signing contracts. The video aims to help viewers enhance their contract process and client acquisition.