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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract previously used. Key topics covered include the basics of contract components and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to utilize in signing more clients. Viewers are encouraged to engage with the content by liking the video, subscribing, and leaving comments. Additionally, links to the free contract template and a tool called Signaturely are provided for quick access. Overall, the video aims to simplify contract creation for service businesses.