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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract used during their early days. They emphasize the importance of having basic components for a legally binding agreement and introduce tools for quickly signing contracts. The video offers a free contract template for viewers to utilize in securing clients. The presenter encourages viewers to like the video, subscribe, and comment for more content. Links for the free contract template and signature tool, Signaturely, are provided in the description. The focus is on streamlining the contract process for service-based businesses.