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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 in their early days, highlighting the basics required for a solid agreement. Additionally, the video covers tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use and encourages audience engagement through likes, comments, and subscriptions. They also mention Signaturely, a tool for efficient document signing, with links provided for easy access to both the template and the tool.