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In this video tutorial, the presenter discusses the essential components of a services business contract, using a one-page contract from their early days as an example. They highlight the basics that should be included in a contract and suggest tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers, encouraging them to engage with the content by liking, subscribing, and commenting. Additionally, the presenter introduces a tool called Signaturely for contract signing. Links for both the free contract template and Signaturely are provided for easy access.