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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the early days and outline the basics of effective contracts. Viewers will learn about tools for quickly signing legally binding contracts, including a mention of Signaturely. The speaker offers a free contract template for viewers to use when signing clients and encourages interaction through likes, subscriptions, and comments. Links for both the free template and Signaturely are provided below the video. The goal is to help viewers streamline their contract process for their services business.