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In this video tutorial, the host discusses essential elements that should be included in a services business contract. They review a one-page contract used in their early days and outline basic components necessary for any contract. The video also introduces tools for quickly obtaining legally binding signatures. A free contract template is offered for viewers to help them secure clients, and links to both the template and the signature tool, Signaturely, are provided in the description. The host encourages viewers to like, subscribe, and comment on the video for more similar content.