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In this tutorial, the speaker discusses essential elements for a services business contract using a one-page template from the early days of their business. They cover the basics of what should be included in the contract and recommend tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to start signing clients and encourages interaction by asking viewers to like, subscribe, and leave comments for more similar content. Additionally, the speaker mentions a tool called Signaturely for efficient contract signing, with links provided for both the contract template and the tool.