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In this video tutorial, the presenter discusses essential elements that should be included in a services business contract. They review a one-page contract used in the early stages of their business and outline the basics necessary for an effective contract. The video also introduces tools for quickly obtaining legally binding signatures. Additionally, viewers are encouraged to engage with the content by liking the video, subscribing, and leaving comments for future tutorials. A free contract template is offered, along with a tool called Signaturely for efficiently managing contracts, with links provided for access.