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In this video tutorial, the speaker discusses essential elements for a services business contract. They review a one-page contract previously used and outline the basics that should be included. The tutorial also introduces tools for quickly getting legally binding contracts signed. Viewers are encouraged to like the video, subscribe, and comment for more content. A free contract template is offered, and links are provided for viewers to access the template and the signing tool, Signaturely. The speaker emphasizes the importance of clear contracts for acquiring clients in a services business.