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In this video tutorial, the presenter discusses essential elements to include in a services business contract. They review a one-page contract used at the beginning of their business and outline the basic components necessary for a legally binding agreement. The presenter also introduces tools for efficiently obtaining signatures on contracts. Viewers are encouraged to like the video, subscribe for more content, and leave comments. Additionally, they offer a free contract template for viewers to use and provide links to access it and a tool called Signaturely for signing contracts. The session aims to help viewers better manage contracts in their services business.