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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 during their early days and highlight key basics necessary for an effective contract. The speaker also introduces tools to quickly obtain legally binding signatures for contracts. Additionally, viewers are offered a free contract template to help onboard more clients effectively. They encourage audience engagement through likes, comments, and subscriptions. Links to access the free contract template and the signature tool, Signaturely, are provided in the description.