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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used in the early stages of their business and highlight the basic components that should be present. The video also introduces tools for quickly obtaining legally binding signatures. Viewers can access a free contract template and a tool called Signaturely by clicking the links provided. The presenter encourages viewers to like the video, subscribe for similar content, and leave comments for more videos. The tutorial aims to help viewers start signing more clients for their services business with effective contracts.