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In this video tutorial, the speaker discusses the essential elements of a services business contract by reviewing a one-page contract they used when starting out. They cover the basics that should be included in any contract and introduce tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to use in securing clients, along with a recommendation for a tool called Signaturely to streamline the signing process. Viewers are encouraged to like, subscribe, and comment for more content, and links to access the free contract template and Signaturely are provided.