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In this video tutorial, the presenter discusses essential components to include in a services business contract, showcasing a one-page contract used during their initial business phase. The focus is on the basic elements required for an effective contract and tools for quickly obtaining legally binding signatures. Additionally, a free contract template is offered for viewers to utilize in signing clients. The presenter encourages audience engagement by asking viewers to like, subscribe, and comment for more similar content. Links are provided for accessing the free contract template and a signing tool named Signaturely.