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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 used at the beginning of their business, highlighting its key basics. Additionally, the video covers tools that facilitate the quick signing of legally binding contracts. The presenter offers a free contract template to help viewers start signing clients, encouraging engagement through likes, subscriptions, and comments. They also provide links to access the free template and a recommended tool called Signaturely for managing contracts efficiently.