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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 when they first started, highlighting basic components necessary for an effective contract. The presenter also introduces tools to facilitate quick signing of legally binding contracts. Viewers are offered a free contract template and tools like Signaturely to streamline the signing process. Encouragement is given to like the video, subscribe, and comment for future content. Links for the free contract template and Signaturely are provided for easy access.