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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 outline the basics necessary for a legally binding agreement. Additionally, the video introduces tools for quickly getting contracts signed, emphasizing the importance of efficiency in client acquisition. The speaker offers a free contract template for viewers and encourages them to engage with the content by liking, subscribing, and commenting. For those interested, links to access the free template and the e-signature tool "Signaturely" are also provided.