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In this video tutorial, the speaker discusses essential elements to include in a services business contract, highlighting a one-page contract used during their early days. Key points include the basic components necessary for a contract and tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage with the content by liking the video, subscribing, and commenting for more similar videos. A free contract template is offered, accessible via a link in the description, along with a tool called Signaturely for managing signatures. The video aims to help viewers effectively sign more clients for their services business.