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In this video tutorial, the speaker discusses essential elements to include in a services business contract. They review a one-page contract they previously used, highlighting the basic components necessary for an effective agreement. Additionally, the speaker shares tools for efficiently obtaining legally binding signatures. Viewers are encouraged to engage with the content by liking, subscribing, and commenting. A free contract template is offered, which can be accessed through a link in the description. The video also introduces Signaturely, a tool for signing contracts, with a link provided for viewers interested in it.