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In this video tutorial, the host discusses essential elements that should be included in a services business contract. They will review a one-page contract used in their early days and emphasize the basics required in a contract. Additionally, the host introduces tools for quickly obtaining legally binding signatures. Viewers are encouraged to engage with the content by liking the video, subscribing, and leaving comments for more similar content. They also offer a free contract template available via a link. The video will include information about a tool called Signaturely, which will be highlighted for those interested.