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In this video tutorial, the presenter discusses essential elements that should be included in a services business contract. They review a one-page contract used during their early business days, highlighting the basics necessary for effective contracts. The video also features tools for quickly obtaining legally binding signatures, promising a free contract template and a tool called Signaturely for viewers. The presenter encourages engagement by inviting likes, subscriptions, and comments for similar content. Viewers can access the free contract template and Signaturely through links provided in the description.