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In this video, the tutorial discusses essential elements to include in a services business contract. It reviews a one-page contract used in the past and highlights basic components that should be present. The presenter also introduces tools for quickly obtaining legally binding signatures for contracts. Furthermore, viewers receive a free contract template to help them sign clients more efficiently. The video encourages engagement through likes, subscriptions, and comments, and provides links for accessing the free template and a tool called Signaturely for signing contracts.