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In this video tutorial, the presenter discusses essential elements that should be included in a services business contract. They share a one-page contract template used in their early days and highlight key components necessary for a solid agreement. Additionally, the video covers tools for quickly obtaining legally binding signatures, specifically focusing on a service called Signaturely. The presenter encourages viewers to like the video, subscribe, and leave comments for more content. A free contract template is available via a provided link, along with access to Signaturely for efficient contract signing.