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In this video tutorial, the presenter discusses the essential components of a services business contract, using a one-page template from their early business days as a reference. They outline the basic elements that should be included in a contract and introduce tools for quickly signing legally binding agreements. The presenter offers a free contract template for viewers to use in their own services business and encourages engagement with the video by liking, subscribing, and leaving comments for future content. Additionally, they mention Signaturely as a tool for managing contracts and provide links for viewers to access the free template and the recommended tool.