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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract utilized in their early business days, emphasizing key basics and tools for quickly signing legally binding contracts. A free contract template will be provided, enabling viewers to start signing clients for their services business. The presenter encourages engagement by asking viewers to like the video, subscribe, and comment for more content. Additionally, links will be available for the free contract template and the tool, Signaturely, which is introduced in the tutorial.