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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract used in their early days and outline key basics for creating effective contracts. The video also introduces tools to quickly obtain legally binding signatures. The presenter offers a free contract template for viewers to use in signing more clients and encourages audience engagement by asking for likes, subscriptions, and comments. Additionally, a tool called Signaturely is mentioned, with links provided for further access.