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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used previously, highlighting key basics and beneficial tools for obtaining legally binding signatures quickly. Viewers will receive a free contract template designed for signing more clients and are encouraged to engage with the content by liking the video and subscribing. The presenter also introduces a tool called Signaturely for efficient contract signing, providing links for both the contract template and Signaturely. The video aims to equip service business owners with valuable resources for contract management.