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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referencing a one-page contract previously used. They outline the basics of an effective contract and introduce tools for quickly obtaining legally binding signatures. The video aims to assist viewers in creating contracts to secure more clients for their services business. The speaker offers a free contract template and provides links to access it and a signature tool called Signaturely. Viewers are encouraged to like the video, subscribe for more content, and leave comments for additional topics.