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In this video tutorial, the speaker discusses the essential elements that should be included in a services business contract, using a one-page contract from their early days as a reference. The focus is on the basics of contract creation and highlighting tools for quickly obtaining legally binding signatures. The video also offers viewers a free contract template to facilitate client signings. Before diving into the content, the speaker encourages viewers to like the video, subscribe for more similar content, and leave comments. Additionally, links to the free contract template and the signature tool, Signaturely, are provided.