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In this video tutorial, the presenter discusses the essential elements of a services business contract, referencing a one-page contract used in their early days. They cover the basics that should be included in a contract and introduce tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use in signing clients and encourages engagement by asking for likes, subscriptions, and comments. Additionally, they mention a specific tool called Signaturely for managing contracts. Links to both the template and Signaturely are provided for interested viewers.