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In this video tutorial, the presenter discusses the essential elements that should be included in a services business contract. They review a one-page contract previously used and highlight basic components as well as tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to use in signing clients. Viewers are encouraged to like the video, subscribe, and leave comments for more content. Additionally, a link is provided for obtaining the free contract template and for Signaturely, a tool showcased in the video that facilitates the signing process. The tutorial aims to simplify contract creation and client onboarding for service providers.