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In this video, the speaker discusses essential elements to include in a services business contract, using a one-page contract from their early days as a reference. They outline the basics of crafting a contract and introduce tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to start signing more clients, encouraging engagement through likes, subscriptions, and comments. Additionally, the speaker mentions Signaturely as a tool for contract management, providing links for viewers to access both the template and the tool.