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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used during their initial startup phase and highlight basic components and useful tools for creating legally binding contracts efficiently. Viewers are encouraged to like the video, subscribe, and comment for more content. A free contract template is offered, accessible via a provided link, along with information about a tool called Signaturely for signing contracts. The aim is to assist viewers in signing more clients for their services business.