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In this video tutorial, the speaker discusses the essential elements of a services business contract and provides a one-page contract example used in the past. Key points include the basics that should be included in any contract and tools for quickly obtaining legally binding signatures. The video offers a free contract template for viewers to use in signing clients and encourages engagement through likes, subscriptions, and comments. Additionally, the speaker introduces Signaturely, a tool for managing contract signatures, and provides links for accessing the free template and the Signaturely tool.