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In this video tutorial, the creator discusses essential elements to include in a services business contract, using a previous one-page contract as a reference. Key points include the basics of contract essentials and tools for quickly obtaining legally binding signatures. The tutorial offers a free contract template for viewers to use in signing clients. The presenter encourages engagement by asking viewers to like the video, subscribe, and leave comments for more content. Viewers are also directed to links for the free contract template and for a signature tool called Signaturely. The overall focus is on streamlining the contract process for service-based businesses.