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In this video tutorial, the speaker discusses the essential elements to include in a services business contract. They review a one-page contract template used in their early days, highlighting the basic components and tools for quickly obtaining legally binding signatures. The tutorial also offers a free contract template for viewers to enhance their client onboarding process. The speaker encourages engagement through likes, subscriptions, and comments, and provides links for viewers to access the free template and a tool called Signaturely for contract management. The focus is on simplifying contract creation and execution for service businesses.