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In this video tutorial, the presenter discusses the essential elements of a services business contract, using a one-page contract sample from their early business days. The key points include the basics that should be included in a contract and tools to streamline the process of obtaining legally binding signatures. The video offers a free contract template for viewers to use in signing clients, along with a recommendation for a tool called Signaturely for quick contract signing. Viewers are encouraged to like the video, subscribe for more content, and to click the links provided for the template and Signaturely.