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In this video tutorial, the presenter discusses essential elements to include in a services business contract, referencing a one-page contract used at the start of their business. They cover basics of contract creation and introduce tools for efficiently obtaining legally binding signatures. The presenter offers a free contract template for viewers to use and encourages engagement through likes, subscriptions, and comments. Additionally, a specific tool, Signaturely, is mentioned for signing contracts quickly. Viewers can access both the free template and the tool via provided links.