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In this video tutorial, the speaker discusses essential elements to include in a services business contract, using a simplified one-page contract as a reference. They cover the basics needed for a solid contract and introduce tools that facilitate the quick signing of legally binding agreements. The speaker also offers a free contract template for viewers to use in acquiring new clients, encouraging engagement through likes, comments, and subscriptions. Furthermore, they mention a specific tool, Signaturely, to streamline the signing process, with links provided for users to access both the template and the tool.