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In this video tutorial, the presenter discusses essential elements that should be included in a services business contract. They review a previous one-page contract used when starting out, highlighting the basics and tools for obtaining legally binding signatures efficiently. The presenter offers a free contract template for viewers to use and encourages engagement through likes, subscriptions, and comments. Additionally, they introduce Signaturely, a tool for client signatures, providing links for viewers wishing to access the template and the tool. The focus is on simplifying the contract process to help businesses secure more clients effectively.