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In this video tutorial, the speaker discusses essential elements to include in a services business contract, referencing a one-page contract used during the early stages of their business. They emphasize the importance of having basic contract components and introduce tools for quickly obtaining legally binding signatures. The presenter offers a free contract template viewers can use to secure clients, encouraging engagement through likes, subscriptions, and comments. Additionally, they mention a tool called Signaturely, which will be explored further in the video, and provide links for viewers to access the contract template and the tool.