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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a basic one-page contract used at the onset of their business and highlight important components that should be present in a legal contract. The tutorial also introduces tools for efficiently obtaining legally binding signatures. Viewers are encouraged to engage with the content by liking, subscribing, and commenting for more videos. Additionally, a free contract template is offered, along with a tool called Signaturely to facilitate contract signing. Links for both resources are provided in the video description.