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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 their early days, highlighting the basics necessary for effective agreements. The presenter also introduces tools for quickly obtaining legally binding signatures. A free contract template is offered to viewers to help them secure clients in their services business. The video encourages viewers to like, subscribe, and comment for more content. Additionally, links are provided for the free contract template and for a signature tool called Signaturely.