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In this video tutorial, the presenter discusses the essential components of a services business contract, using a one-page template they initially used. They cover the basics necessary for crafting your own contract and share tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to utilize, encouraging them to engage with the content by liking, subscribing, and commenting. Additionally, the presenter introduces Signaturely, a tool for signing contracts, providing links for viewers to access both the template and the signing tool. The aim is to help service businesses streamline their client onboarding process.