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In this video tutorial from onestepenglish.com, key vocabulary related to business contracts is introduced. The term "articles" refers to the sections of a contract, exemplified by a request to revise them. "Terms" denotes the conditions and requirements, illustrated by someone needing to review the terms before sending. An "appendix" is described as additional supporting information at the end of a contract, with a reminder to review it. Lastly, "signing" refers to the act of adding one's signature, highlighted by a thank you for signing. The tutorial aims to clarify these concepts through practical examples.