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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 at the start of their business, outlining its basic components. The presenter also introduces tools for quickly obtaining legally binding signatures, including a recommendation for Signaturely. A free contract template is offered for viewers to help them sign more clients. The video encourages audience engagement through likes, subscriptions, and comments. Links to access the free contract template and Signaturely tool are provided in the description. The goal is to simplify the process of contract management for service-based businesses.