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In this video, the host discusses essential elements that should be included in a services business contract. They will review a one-page contract used in the early days of their business, focusing on basic components and tools for quickly obtaining legally binding signatures. Additionally, a free contract template is offered to help viewers secure more clients. The host encourages viewers to like the video, subscribe for more content, and comment for further requests. Links for the free contract template and the signature tool called Signaturely are provided for easy access.