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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 used at the start of their business, emphasizing the basic components necessary for a solid agreement. The tutorial also introduces tools for quickly obtaining legally binding signatures. The speaker offers a free contract template for viewers to utilize in signing new clients and encourages engagement by asking viewers to like the video, subscribe, and leave comments. Additionally, they mention a specific tool, Signaturely, for streamlining the signing process, with links provided for further access.