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In this video tutorial, the presenter discusses the essential elements to include in a services business contract. They review a one-page contract used in the early stages of their business and highlight the basics required for effective contracts. The tutorial also suggests tools for quickly obtaining legally binding signatures, including a free contract template available through a link provided in the video description. Viewers are encouraged to like the video, subscribe for more content, and comment on future video topics. Additionally, the presenter introduces Signaturely as a tool for managing contracts and signatures.