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In this video tutorial, the presenter discusses the essential elements to include in a services business contract by reviewing a one-page contract used at the start of their business. They outline the basics needed in a contract and introduce tools for quickly obtaining legally binding signatures. The presenter offers a free contract template for viewers to use in attracting more clients. Additionally, they mention Signaturely, a tool for signing contracts, and encourage viewers to engage with the video by liking, subscribing, and commenting for more related content. Links for the contract template and Signaturely are provided.