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In this video tutorial, the presenter discusses the essential elements to include in a services business contract, referencing a one-page contract from their early days. They outline the basics of contract components and introduce tools for quickly obtaining legally binding signatures. The video also offers a free contract template for viewers to use in signing clients. Viewers are encouraged to like the video, subscribe to the channel for more content, and leave comments for future topics. Additionally, links to access the free contract template and the recommended tool, Signaturely, are provided in the description.