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In this video tutorial, the host discusses the essential elements to include in a service business contract and reviews a one-page contract used in their early days. Key points include the basics of what should be in the contract and tools for obtaining legally binding signatures efficiently. The host offers a free contract template and encourages viewers to like the video, subscribe, and comment for more content. Additionally, they mention Signaturely as a useful tool for contract signing and provide links for viewers to access the free template and the tool. The aim is to help viewers sign more clients for their services business.