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In this video tutorial, the presenter discusses essential elements to include in a services business contract, reviewing a one-page contract they used when starting out. They cover the basics of contract components and introduce tools for quickly obtaining legally binding signatures. The video offers a free contract template and encourages viewers to like, subscribe, and comment for similar content. Additionally, a tool called Signaturely is mentioned for signing contracts efficiently. Viewers can access the free contract template and Signaturely through provided links.