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In this video tutorial, the presenter discusses essential elements to include in a services business contract, using a one-page contract from their early days as an example. The video aims to highlight the basics of contract formation and introduces tools for quickly obtaining legally binding signatures. A free contract template is offered to viewers for use in signing clients. The presenter encourages viewers to like the video, subscribe for more content, and leave comments. Additionally, links to the free contract template and a signature tool, Signaturely, are provided for viewers interested in these resources.