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In this video tutorial, the presenter discusses the essential elements to include in a services business contract, using a one-page contract from their early days as an example. They emphasize the basics that should be present in any contract and share tools for quickly obtaining legally binding signatures. Additionally, viewers are offered a free contract template to help them secure more clients. The presenter encourages engagement by asking viewers to like, subscribe, and comment for more content, and provides links for the free contract template and a tool called Signaturely for managing contracts.