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In this tutorial, the speaker discusses the essential components of a services business contract using a one-page contract from their early days. The video covers the basics that should be included in a contract and introduces tools for quickly obtaining legally binding signatures. A free contract template is provided for viewers to start signing clients in their services business. The speaker encourages engagement by asking viewers to like the video, subscribe, and comment for more content. Links to download the free contract template and access the signature tool, Signaturely, are included.