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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in the early days of their business, emphasizing basic components and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use, encouraging them to sign more clients for their services. Additionally, tools like Signaturely are introduced for streamlining the signature process. Viewers are prompted to like the video, subscribe, and comment for more content. Links to the free contract template and Signaturely are provided in the description.