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In this video, Redbeard from treesavages.com outlines five essential elements that should be included in every tree removal contract to ensure protection for both service providers and customers. He emphasizes the importance of having contracts, noting that without them, service providers may face financial loss and increased liability. Viewers are encouraged to obtain template tree service contracts from his website and customize them for their businesses. The first critical element to include is a general scope of the business, clearly stating the services offered, such as hazard tree removal and wildfire mitigation, along with details about insurance coverage.