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In this video tutorial, the host discusses essential elements to include in a services business contract. They review a one-page contract used in the early stages of their business, highlighting the basics necessary for a legally binding agreement. The video also covers tools for quickly obtaining signed contracts, including a free contract template viewers can use. The host encourages viewers to like, subscribe, and comment for more content and provides links to access the free contract template and the signature tool discussed in the video. Overall, the focus is on creating effective contracts to help secure clients for service-based businesses.