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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They will review a one-page contract used in the early stages of their business and outline key basics for creating effective contracts. Additionally, the video introduces tools to quickly secure legally binding signatures. A free contract template is offered for viewers to utilize in signing clients, along with information about the signature tool, Signaturely. The presenter encourages viewers to like the video, subscribe for more content, and leave comments regarding their interest in similar videos and the free template provided through links in the description.