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In this video tutorial, the speaker discusses the essential elements to include in a services business contract, referencing a one-page contract used at the start of their business. Key points include the basics of what should be in a contract and tools for quickly getting legally binding signatures. The video promises a free contract template and encourages viewers to engage by liking, subscribing, and commenting for more content. Additionally, the speaker introduces a tool called Signaturely for efficient contract management, with links provided for both the contract template and the tool.