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In this video, the tutor discusses essential elements for a services business contract, highlighting a one-page contract used in the early stages of their business. They outline the basics that should be included in contracts and introduce tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to utilize in signing clients and encourages engagement by asking viewers to like, subscribe, and comment for more content. Additionally, a tool called Signaturely is mentioned for signing contracts. Links to access the free template and Signaturely are provided in the description.