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In this video tutorial, the speaker discusses the essential elements that should be included in a services business contract. They provide a one-page contract template for viewers to use for their own contracts. The speaker emphasizes the importance of having legally binding contracts signed quickly and introduces a tool called Signaturely to help with this process. Viewers are encouraged to like, subscribe, and leave a comment for more videos like this. The contract template and Signaturely tool are available for free by clicking the links provided below the video.