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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used in their early days and highlight basic components necessary for any contract. The video also introduces tools to facilitate the quick signing of legally binding contracts. Viewers are encouraged to engage with the content by liking the video, subscribing, and commenting for more similar content. A free contract template is offered for those interested, along with a tool called Signaturely for managing contract signatures. Links to access both resources are provided.