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In this video tutorial, the host discusses essential elements that should be included in a services business contract, using a one-page contract from their early experiences as a reference point. Key points include the basics of creating a contract and tools for quickly obtaining legally binding signatures. Viewers can access a free contract template to facilitate client signings and learn about Signaturely, a tool mentioned in the video. The host encourages engagement by asking viewers to like the video, subscribe, and comment for more similar content. Links for the free contract template and Signaturely are provided in the description.