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In this video tutorial, the presenter discusses the essential components of a services business contract, referencing a one-page contract used in their early days. They provide insights on what basics should be included in such contracts and highlight tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to start signing more clients. Additionally, the presenter encourages engagement by asking viewers to like the video, subscribe, and comment for more content. Links to the free contract template and the signature tool, Signaturely, are provided in the video description.