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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 one-page contract used in their early days, highlighting the basics needed for effective contracts and recommending tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to use in their own businesses. Additionally, the presenter encourages viewers to like the video, subscribe, and leave comments for more similar content. A specific tool, Signaturely, is introduced for managing signatures, with links provided for both the contract template and the tool.