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In this video tutorial, the presenter discusses the essential elements of a services business contract, using a one-page contract from their early days as a reference. They highlight the basics that should be included in contracts and introduce tools for quickly obtaining legally binding signatures. The presenter emphasizes the importance of contracts for signing more clients and offers a free contract template for viewers to use. Additionally, they introduce Signaturely, a tool for managing signatures, and encourage viewers to engage by liking the video, subscribing, and commenting. Links to access the free template and Signaturely are provided in the description.