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In this video tutorial, the speaker discusses essential elements to include in a services business contract, using a one-page contract from their early days as a reference. They cover the basics of contract components and highlight tools for obtaining legally binding signatures quickly. The speaker also offers a free contract template for viewers to use in signing more clients. To encourage engagement, they ask viewers to like the video, subscribe, and leave comments for more content. Additionally, links to the free contract template and the signature tool, Signaturely, are provided for viewers interested in these resources.