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In this video tutorial, the speaker discusses essential elements to include in a services business contract, using a one-page template from their early days. The focus is on the basics of creating legally binding contracts and tools for efficient signing. They emphasize the importance of a well-structured contract for signing clients and offer a free contract template for viewers to utilize. Additionally, they introduce Signaturely, a tool for quick contract signing, and encourage viewers to engage with the content by liking, subscribing, and leaving comments. Links for the free template and Signaturely are provided in the description.