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In this video tutorial, the presenter discusses essential elements to include in a services business contract, focusing on a one-page contract template used in their early days. Key points include the basics of what should be in the contract and tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use, encouraging engagement by asking them to like, subscribe, and comment for more similar content. Additionally, a recommendation for a signing tool called Signaturely is provided, with links available for easy access to both the template and the tool.