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In this video tutorial, the speaker discusses drafting employment contracts for small business owners. They share their contract template and highlight key considerations to watch for. The contract should be issued on the employer's letterhead, listing their name and address. It should be addressed to the employee and sent in duplicate. Once finalized, the employee signs both copies, with one return copy to the employer, ensuring both parties have a signed contract. The contract will also uphold the employer's rights regarding obligations under the Terms of Employment Information Act of 1994.