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In this video, the host discusses essential elements to include in a services business contract, starting with a one-page contract used in their early days. They outline basic contract components and recommend tools for quickly obtaining legally binding signatures. The host offers a free contract template and encourages viewers to like the video, subscribe, and leave comments for more content. Links to the free template and a tool called Signaturely are provided for further assistance. The goal is to help viewers start signing more clients effectively.