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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract they initially used. They outline the basics necessary for an effective contract and introduce tools for quickly obtaining legally binding signatures. Additionally, the presenter offers a free contract template for viewers to use in signing more clients for their services business. To engage the audience, they encourage likes, comments, and subscriptions while providing links for the free template and the signature tool, Signaturely. The video aims to equip viewers with practical knowledge for contract management.