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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They reference a one-page contract used in their early days and emphasize the importance of understanding the basics for crafting effective contracts. The video provides insights into tools that facilitate the quick signing of legally binding contracts. A free contract template is offered for viewers to utilize in signing clients. Additionally, the presenter encourages engagement by inviting viewers to like the video, subscribe, and leave comments for more content. Links are provided for accessing the free contract template and a tool called Signaturely.