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In this video tutorial, the speaker discusses essential elements of a services business contract, focusing on a one-page contract used during their early days. They explain the basics to include in the contract and introduce tools for quickly obtaining legally binding signatures. The tutorial also offers a free contract template for viewers to use in securing more clients. The speaker encourages viewers to like the video, subscribe for similar content, and leave comments for future topics. Additionally, links to the free contract template and a signing tool, Signaturely, are provided for easy access.