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In this video tutorial, the speaker discusses the key components that should be included in a services business contract. They provide a one-page contract template and talk about the basics that should be covered in the contract. They also mention tools that can be used to quickly and legally bind contracts. The speaker offers a free contract template and recommends using Signaturely for contract signing. Like the video, subscribe for more content, and download the free contract template and Signaturely tool using the provided links.