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In this video tutorial, the speaker discusses essential elements that should be included in a services business contract. They review a one-page contract used in their early days and provide insights into the basics of contract formation. The tutorial also introduces tools for quickly signing legally binding contracts. A free contract template is offered for viewers to start signing clients, and the speaker encourages engagement by asking for likes, subscriptions, and comments. Additionally, viewers are directed to links for the free template and a signing tool called Signaturely. The content aims to help service businesses streamline their contract processes.