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In this video tutorial, the presenter discusses essential elements for a services business contract, referencing a simple one-page contract used in the initial stages of their business. They explore the basics that should be included in a contract and provide tools to facilitate quick signing of legally binding agreements. Viewers are offered a free contract template to aid in signing new clients and are encouraged to engage with the video by liking, subscribing, and commenting for more content. Additionally, the presenter mentions Signaturely, an online tool for managing contracts, and provides links to access both the contract template and the tool.