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In this video tutorial, the creator discusses essential elements that should be included in a services business contract. They review a one-page contract used in the early days of their business, highlighting the basics necessary for effective contracts. Viewers are introduced to tools for quickly obtaining legally binding signatures, and a free contract template is offered to help viewers sign more clients. The host encourages engagement by asking viewers to like the video, subscribe, and leave comments for more content. Additionally, links are provided for the free contract template and a tool called Signaturely to streamline the contract signing process.