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In this video tutorial, the presenter discusses essential elements to include in a services business contract and reviews a one-page contract previously used. Key points include the basics of an effective contract and tools for quickly obtaining legally binding signatures. The host offers a free contract template for viewers to utilize and encourages audience engagement by liking the video, subscribing, and leaving comments. Additionally, a recommendation for a signing tool called Signaturely is provided. Viewers can access the contract template and Signaturely by clicking the links in the video description.