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In this video tutorial, the speaker discusses essential elements to include in a services business contract, reflecting on a one-page contract used in the early days of their business. Key points include the importance of a clear and concise contract, and the introduction of tools to quickly obtain legally binding signatures. The tutorial offers a free contract template for viewers to use and encourages engagement through likes, subscriptions, and comments. Additionally, the speaker mentions a tool called Signaturely for managing contracts, providing links for viewers to access the template and tool. The focus is on facilitating client signings and improving contract processes.